Johnes, Geraint and Johnes, Jill (2009) Higher education institutions’ costs and efficiency: taking the decomposition a further step. Economics of Education Review, 28 (1). pp. 107-113. ISSN 0272-7757
Abstract

A multi-product cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost function itself to be distinguished from inter-institutional differences in efficiency. The approach used here therefore resembles in some respects the non-parametric methods of efficiency evaluation. We report also on measures of average incremental cost of provision and on returns to scale and scope.

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