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The logic of Liberal Arts College Pricing

Catherine Rampbell writes about a new study on how to increase interest in your college:

Traditional economics would suggest that raising the price of an item (such as a college education) would reduce demand for it. But instead this study found that raising tuition — as well as instructional expenditures — actually improves the demand to attend liberal arts schools and schools in the bottom half of the top 50. For example, for liberal arts colleges ranked 26th to 50th, a $1,000 increase in tuition and fees was associated with a 12.9-point increase in SAT scores and a 3.5 percent increase in the proportion of top freshmen admitted.

This is because such costs “serve as markers of institutional quality and prestige,” the authors write.

 

 

On England

The striking thing about driving down from Scotland to England was the simple somberness of England: the cloudy, rainy skies, the overcast streets, a people seemingly crushed in on themselves under the weight of their umbrellas and the pelting of rain.

I refer not of course to the weather, but to the horrific break up of Oasis. Will this proud people ever recover?

Get your Snark Here

Or there. Great news in the “outsourcing front.” Apparently, it’s not just PhD students who are ordering dissertations from writing mills in India. Now, you can order up some good “snark” as well. 

Alas, this would lead to some great snark, but my budget’s taking a hit from the conference and I’m unable to make pay on the services.