Abstract

This article presents new evidence on the conflict between two competing explanations of the increase in college costs, the cost disease theory of William Baumol and William Bowen and the revenue theory of cost of Howard Bowen. Using cross-section data, the article demonstrates that the cost disease explanation is more important than the revenue theory.

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Additional Information

ISSN
1538-4640
Print ISSN
0022-1546
Pages
pp. 268-295
Launched on MUSE
2008-05-16
Open Access
No
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