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|dc.contributor.author||Winston, Gordon C.||en_US|
|dc.description.abstract||This brief paper asks if the proposition that ?growth is good? applies with equalforce to private business and to private colleges and universities. An increasingappreciation of the fundamental differences in economic structure between business firmsand academic institutions suggests that it?s easy to make costly mistakes if thosedifferences are ignored and ?expanded sales? may often be one of them. The mostfundamental problem rests, simply, on the fact that since the price paid by a college?scustomers covers only a fraction of the cost of providing their education, rather thanyielding additional net revenues, enrollment expansion (other things equal) will generateadditional uncompensated costs. Special circumstances can sometimes still justifyincreased enrollments, but they are circumstances very different from those facing abusiness firm.||en_US|
|dc.relation.ispartofseries|||aWPEHE discussion paper series / Williams College, Williams Project on the Economics of Higher Education |x60||en_US|
|dc.title||?Grow? the College? Why Bigger May Be Far From Better||en_US|
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