As tuition and other college expenses have continued to out pace the rate of inflation in the U.S. economy, increased attention has focused on the economics of higher education. Questions have been raised, explicitly or implicitly, as to whether the higher cost of a college education is justified and whether there are policy measures—private or public—which might be put in place to contain these costs and/or alter the nature of the product.
Jones, Phillip A. and Clarence R. Jung. 1990. "Cost, Price, Equity and Quality in Higher Education." E.C.R.S.B. 90-2. Robins School of Business White Paper Series. University of Richmond, Richmond, Virginia.