Bolstered by the latest economic research on higher education, this book will be read by researchers and policymakers worldwide.

David D. Dill is a professor emeritus of public policy at the University of North Carolina and coeditor of Markets in Higher Education: Rhetoric or Reality? and Emerging Patterns of Social Demand and University Reform: Through a Glass Darkly. Frans A. van Vught is a policy advisor at the European Commission and a professor of public policy and former president of the University of Twente, the Netherlands.