“There is also the issue of prestige. By introducing a free market in to higher education and forcing universities to compete with each other for students, institutions are afraid that if they charge less than their next door neighbour students will see their courses as inferior.”
It’s amazing how that works out, isn’t it? Every shop I know of screams out that it wants to charge me more than the others and that by being charged more I’ll make sure that I don’t purchase inferior goods. Same with the car dealers, you know, all those signs saying “highest prices here!”. And the housing market: no, really, people do go around saying “well, I could have got it for £200k but I though it was so much better to pay £300 k for it.”
Jeebus, there must be at least one economist in the UCU. Any chance of getting Sally to have a little chat?