Oligopoly and the Costs of Higher Education – Journals Edition

There are many reasons why costs in higher education have been rising faster than inflation for many decades.  A fundamental reason is because education is so labor-intensive and (so far) has been resistant to improved productivity via capital investment or technology.  This is called Baumol's Cost Disease. But there are other reasons too.  One is … Continue reading Oligopoly and the Costs of Higher Education – Journals Edition