Authors: Arundhati Sarkar Bose
Educational quality is equated alternatively to teaching quality, students’ performances and expenditures made on students by the institutes. This paper explores, through a theoretical model, the impact of introducing profiteering in an otherwise subsidised public education system on educational quality as measured by average expenditures made on students by the institute. In view of the fact that public endeavors are being replaced by private enterprises in almost all markets, and traditionally protected markets are being rapidly exposed to international competition, a look into sectors that were traditionally catered by public sector or by non-profit suppliers seems timely. Education is one such sector.
Keywords: education;, privatisation; subsidy; quality