The Estimation of academic rent

Author:

Balatsky E.1

Affiliation:

1. Central Economics and Mathematics Institute, RAS (Moscow, Russia)

Abstract

The article discusses the phenomenon of academic rent, specifies the main aggregates of the concept. The author proposes the method for determining the value of immaterial part of academic rent, based on interviews with experts from leading Russian universities. The article presents the results of surveys and applied calculations, which show a gradual decrease of the academic rent volume. This new concept is used to explain several paradoxes of the Russian market of higher education. The transition of the university system from the model of academic rent to the model of scale’s effect is proved.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference15 articles.

1. Balatsky E. V. (2000). The Discount-Factor in Calculations of Return on Investment in Human Capital // Obshchestvo i Ekonomika. No 11—12. P. 93—103.

2. Balatsky E. V. (2001). Calculation of the Efficiency of Investment in Education Accounting for Their Credit Character // Obshchestvo i Ekonomika. No 2. P. 132—149.

3. Balatsky E.  V. (2014). Depletion of Academic Rents // Mir Rossii. No 3.

4. Barber M., Donnelly K., Rizvi S. (2013). An Avalanche Is Coming. Higher Education and the Revolution ahead // Voprosy Obrazovaniya. No 3. P. 152—229.

5. Becker G.  S. (2003). Human Behavior: Economic Approach. Selected Works on Economic Theory. Moscow: HSE Publ.

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