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Re: [Pen-l] The tyranny of college rankings: the case of Clemson U
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] The tyranny of college rankings: the case of Clemson U
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Thu, 4 Jun 2009 19:37:38 -0700
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Eugene Coyle wrote:
> Limiting to only those who can pay won't work for universities. They need
> to fill the seats -- because of the cost structure heavy with overhead
> costs. So they raise tuition to extract the maximum from those who can pay
> it, then discount some seats (calling it student aid) to raise at least some
> revenue from those who can pay something.
economists call this "price discrimination," and say that it's more
efficient. I have my doubts. Has anyone seen a critique?
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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