@techreport{Winston2001Grow,
abstract = {This brief paper asks if the proposition that ?growth is good? applies with equal
force to private business and to private colleges and universities. An increasing
appreciation of the fundamental differences in economic structure between business firms
and academic institutions suggests that it?s easy to make costly mistakes if those
differences are ignored and ?expanded sales? may often be one of them. The most
fundamental problem rests, simply, on the fact that since the price paid by a college?s
customers covers only a fraction of the cost of providing their education, rather than
yielding additional net revenues, enrollment expansion (other things equal) will generate
additional uncompensated costs. Special circumstances can sometimes still justify
increased enrollments, but they are circumstances very different from those facing a
business firm.},
author = {Gordon C. Winston},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330; Hochschule; Unternehmenswachstum; USA},
language = {eng},
number = {60},
title = {?Grow? the College? Why Bigger May Be Far From Better},
type = {WPEHE discussion paper series / Williams College, Williams Project on the Economics of Higher Education},
url = {http://hdl.handle.net/10419/23507},
year = {2001}
}
