Abstract
In an effort to enhance the efficiency and effectiveness of higher education, some governments have redefined their funding relationships with universities as contracts rather than grants in order to develop stronger incentives for university performance. This paper explores this approach, as adopted in Australia, within a principal agent framework. It examines the conditions necessary for success in achieving government objectives as well as preserving university autonomy.
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Ferris, J.M. A contractual approach to higher education performance: with an application to Australia. High Educ 24, 503–516 (1992). https://doi.org/10.1007/BF00137245
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DOI: https://doi.org/10.1007/BF00137245