A Model of College Tuition Maximization

Autor/inn/en	Bosshardt, Donald I.; Lichtenstein, Larry; Zaporowski, Mark P.
Titel	A Model of College Tuition Maximization
Quelle	In: Contemporary Issues in Education Research, 2 (2009) 1, S.53-70 (18 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1940-5847
Schlagwörter	Models; Tuition; Private Colleges; Simulation; Risk; Higher Education; Economic Factors; Educational Finance; Student Characteristics; Computation; Equations (Mathematics); Fiscal Capacity; Probability; College Students + Suchen Sie Ihr Suchwort? Analogiemodell; Unterweisung; Unterricht; Privathochschule; Simulation program; Simulationsprogramm; Risiko; Hochschulbildung; Hochschulsystem; Hochschulwesen; Ökonomischer Faktor; Bildungsfonds; Equations; Mathematics; Gleichungslehre; Finanzmittel; Wahrscheinlichkeitsrechnung; Wahrscheinlichkeitstheorie; Collegestudent
Abstract	This paper develops a series of models for optimal tuition pricing for private colleges and universities. The university is assumed to be a profit maximizing, price discriminating monopolist. The enrollment decision of student's is stochastic in nature. The university offers an effective tuition rate, comprised of stipulated tuition less financial aid, to each student based on the demographic characteristics of the student. Initially, the applicant poll is assumed to be homogeneous. Subsequently, the quality of the applicant pool is allowed to vary and the university's tuition maximization problem is subject to quality and capacity constraints. Lastly, we perform a simulation that allows an exploration of the risks associated with the university's tuition, quality and capacity decisions. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01