Carter Paper Makes SSRN Top 10 List

Carter Hill

Carter Hill

May 28, 2015

BATON ROUGE - "Baumol and Bowen Cost Effects in Research Universities," a paper by LSU Economics Professor Carter Hill and former faculty member Robert Martin, was recently listed on the Social Science Research Network's top 10 download list for Econometric Modeling: Microeconomics Journals.

At the time of its top 10 listing, it had been downloaded more than 1,700 times.

In the paper, Hill and Martin estimate cost models for both public and private research universities and use partial differentials from these models to estimate different cost effects. The results suggest that both Baumol’s cost disease and Bowen’s revenue theory drive cost higher and that Bowen effects are larger than Baumol effects. Tight revenue since 2008 reversed some declines in productivity and accelerated the trend in economizing on the use of tenure track faculty. This behavior under loose and tight revenue constraints is consistent with Bowen’s revenue theory.​

View/download the paper.

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Angela McBride
LSU E. J. Ourso College of Business