The fiascoes that seem to accompany the annual publication of examination results in England, the subsequent inquiries instituted to ensure they "never happen again" and the Secretary of State's decision, reversed six months later because of fears about possible EU legal challenges, to "end competition between exam boards"…

In this paper, market orientation in Croatian higher education (HE) is discussed within the context of stakeholder-oriented management. Drawing on existing studies, the "classical" empirical model, describing the market orientation of generic nonprofit organisations, has been adapted to the contingencies of the Croatian HE sector.…

Local school districts differ in their ability to pay for teacher quality, and in the amenities they offer as places to live and work. Market clearing with heterogeneous quality yields geographically varying teacher salary levels that confound scarcity with unobserved differences in quality. The paper discusses identification and estimation of a…

Numerous design and repair services are nonstandard and have to be tailored to the needs of the individual buyers. Prospective sellers have to make preliminary efforts in order to come up with a plan, and buyers often consult a number of sellers before making a purchase. The literature on procurement studies such situations for the case of a large…

This guide presents a 139-item bibliography of books and articles on the school of thought known as the Austrian school of economics. The first nine of the ten sections contain bibliographic entries, classified by topic. Part 1 is an introduction to Austrian economics, listing sources on the school in general and on three principal members. Each…

Identifies inconsistencies in treatments of the perfect competition, monopoly welfare comparison in textbooks for economics instruction. Argues for explanation of how experiments are being conducted and explicit identification of all underlying assumptions. Suggests straightforward analysis of the social cost of monopoly based on a comparison…

In this collection of essays six noted economists question the state of economic science today. Kenneth J. Arrow focuses on the theories of individual and social choice and general economic equilibrium. Arguing that macroeconomics is the key to understanding the modern economic system, Robert M. Solow provides an historical review of the ideas of…

Demonstrates that it is possible for economies of scale to induce a price-discriminating monopolist to sell in an unprofitable market where the average cost always exceeds the price. States that higher profits in the profitable market caused by economies of scale may exceed losses incurred in the unprofitable market. (CMK)

Higher education is undergoing radical shifts that are part of the larger wave of changes taking place in the society. The transformation affects all sectors of higher education, especially distance learning and how it relates to the University's regular offerings. In this article, the author begins with clarifying the terms commonly associated…