On Markets and Other Matters: A Price Model for Public Two‐Year Colleges

Abstract

Abstract Community colleges are often thought to constitute a separate sphere in higher education, one that is unique and largely self‐contained. This chapter calls into question that basic assumption, demonstrating that the price an individual community college charges is a function of the role and place that the institution occupies in the overall market for postsecondary education. The analysis suggests a classification that distinguishes colleges with respect to their emphasis on formal degree programs versus delivery of courses.

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