This is true for free-market goods, however there is no fundamental reason a state run institution should be beholden to such rules. In the case of public transport the state dictates the price and to some extent capacity, and the local authorities find the right set of tradeoffs to make it work ( with mixed results ).
In the case of a state university, it's odd that we don't see at least one example of this approach. Why isn't there an example of a state university with fixed admissions capacity, poor dorm/ student life quality, low cost, but with good academics?
We generally see the same set of tradeoffs across the entire industry with no student cost considerations in university planning to speak of.
In the case of a state university, it's odd that we don't see at least one example of this approach. Why isn't there an example of a state university with fixed admissions capacity, poor dorm/ student life quality, low cost, but with good academics?
We generally see the same set of tradeoffs across the entire industry with no student cost considerations in university planning to speak of.