Archive for January 12th, 2007

Can market prices help bureaucrats create better funding policies?

One for the economists: I’m working on a submission to the review of the Nelson reforms that I blogged on late last year. In particular, I am looking at the funding amounts for each funding cluster (a group of fields of study funded at the same rate), which are based on the so-called ‘relative funding model’:

The amounts for each cluster have their origins in the