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Johnes, Geraint; Johnes, Jill – Economics of Education Review, 2009
A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost…
Descriptors: Higher Education, Costs, Efficiency, Economics
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Gimenez, Victor M.; Martinez, Jose Luis – Economics of Education Review, 2006
This article presents a model for the analysis of cost efficiency within the framework of data envelopment analysis models. It calculates the cost excess, separating a unit of production from its optimal or frontier levels, and, at the same time, breaks these excesses down into three explanatory factors: (a) technical inefficiency, which depends…
Descriptors: Cost Effectiveness, Models, Data Analysis, Foreign Countries