Cohort crowding: how resources affect collegiate attainment

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Winston, Gordon. 1999. “Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education.”Journal of Economic Perspectives, Vol. 13, No. 1.Willis, Robert. 1973. “A New Approach to the Economic Theory of Fertility Behavior.” The Journal ofPolitical Economy , Vol. 81, No. 2, Part 2: New Economic Approaches to Fertility. (Mar. - Apr., 1973), pp.S14-S64.25
Figure 1: Public university adjustment to changes in cohort size absent changes in subsidya. Quality maximizationResources per student [c(q)]University indifferencecurve and q,n maximumDemand shifts in responseto change in cohort sizeStudent Enrollment [n]b. Enrollment maximizationResources per student [c(q)]Student demand increase inproportionto change in cohort size (?p)Change inenrollment (?e)Student Enrollment [n]Notes: Collegiate demand is drawn holding tuition constant, with the assumption of exogenoustuition setting.26
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Page 27: ReferencesBaker, Michael, Dwayne Be
Page 31 and 32: Table 1: Distribution of revenues,
Page 33 and 34: Table 3: Regression of total enroll
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Page 39 and 40: and “Opening Fall Enrollment.”
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Page 43 and 44: GeorgiaIdahoLn Inst BA degrees10.21
Page 45 and 46: NebraskaNevadaLn Inst BA degrees9.2
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Cohort crowding: how resources affect collegiate attainment

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