Builds and estimates a model that explains educational supply and demand behavior at PhD-granting institutions in the United States. The statistical analysis based on 1988-89 data suggests that student quantity, educational costs, average SAT score, class size, percentage of faculty with a PhD, graduation rate, ranking, and existence of a medical…

Builds a model explaining the behavior of the supply and demand for education at U.S. liberal arts colleges. A statistical analysis of 1990-91 data for 338 private liberal arts institutions suggests a perfectly competitive market. Student quantity, costs, test scores, class size, and college rankings help explain tuition variations. Contains 27…