An Explanation Of Emergence And Efficiency Of Private College In Public Universities By Using New Institutional Economics

For being positive and negative to a new higher educational organization, Private College in Public Universities in china, this thesis analyses its emergence, characters of its owners and costs of its trade by using the theory of institutional change and the transaction costs analysis framework of New Institutional Economics, then explains its reasonability and efficiency.In order to provide agreeable common educational service, public universities and other productive factors put their advantageous resource together and share the profit according to the proportion of their resource for the investment. Generally speaking, it is necessary for the potential profit not gained before in higher education market.The sign to distinguish Private College in Public Universities and other higher educational organizations is the difference of the structure of property rights, which is mainly come from the education institutional innovation. This structure of property rights has effect to reduce market adventure, build a new system for encouragement and restraint, decrease the transactional cost of each part and improve the efficiency of education.