Appendix – Innovations in Tertiary Education Financing: A Comparative Evaluation of Allocation Mechanisms

This Appendix was originally published by the World Bank. Rights to republish the research presented in this Appendix was granted by the Authors and the World Bank. At the time of the original publication, the authors were respectively Coordinator of the World Bank’s Tertiary Education Thematic Group and Consultant to the World Bank. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors and should not be attributed in any manner to the World Bank, the members of its Board of Executive Directors or the countries they represent. The authors wish to thank all the colleagues who kindly reviewed earlier drafts and offered invaluable suggestions, in particular Bahram Bekhradnia, Roger Brown, Luis Crouch, John Fielden, Luciano Galán, Rick Hopper, Norman LaRocque, Kurt Larsen, Paul Lingenfelter, Benoît Millot, Harry Patrinos, Kristian Thorn, and Alex Usher. Full responsibility for errors and misinterpretations remains, however, with the authors. An abbreviated version of this paper was published in the first volume of the GUNI Series on the Social Commitment of Universities, Higher Education in the World 2006: The Financing of Universities, Palgrave MacMillan, Houndmills and New York, 2006.