How about a mixed system? Let's have the Sanders system for the public colleges and the Rubio system for the private colleges. Then we can let the two compete. :)
Robert Naiman Policy Director Just Foreign Policy www.justforeignpolicy.org [email protected] (202) 448-2898 x1 On Fri, Dec 18, 2015 at 1:26 PM, Eugene Coyle <[email protected]> wrote: > See NYT > > http://www.nytimes.com/2015/12/20/upshot/three-reasons-for-those-hefty-college-tuition-bills.html?emc=edit_tnt_20151218&nlid=9633259&tntemail0=y > > > Mankiw tries to explain high prices for college. In doing so he > contradicts what he teaches. He teaches “Price is/is forced to be/ where > MC = MR” and that produces efficiency, fairness, “just desserts” for wages, > etc, but in this article > he asserts > > > The third force at work is what economists call price discrimination. > Businesses of all sorts have an incentive to charge different prices to > different consumers based on their willingness and ability to pay. Movie > theaters, for example, charge children less than adults for a ticket. > > > > Colleges have increasingly followed this practice by raising published > prices and offering more financial aid based on a family’s resources. I > often joke that Harvard should complete the process by setting tuition at > $1 billion a year. But that sticker price applies only to the children of > Bill Gates. Everyone else gets a special price, just for you. > > I wrote about college price discrimination in January 2000. The practice > of “yield management” at colleges was (is?) much more odious that Mankiw > describes. (See Section Four of “Price Discrimination, Electronic > Redlining, and Price Fixing in Deregulated Electric Power.” Colleges were > considering changing ethical rules on price fixing so that some of them > could become compliant without changing practice. > > I just googled my title and the first source is > http://www.editoracanalenergia.com.br/colunistas/Pacote/COYLE_Price_Discrimination_Electronic_Redlining.pdf > . > That is in English despite the Brazil URL. > I also discovered it was once on Amazon but now unavailable. I had no idea > and Amazon never sent a check. There is a version in Spanish if someone > prefers that. > > Gene > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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