In the last two decades multilateral international organisms and the governments of several countries have stimulated reforms in higher education that fostered, fundamentally, the expansion of private school systems, the reduction of public financing, the charging of school fees, and the competition in the provision of educational services. As a consequence, it has been observed a phenomenon of commercialization, in which the development of the ends and means of higher education, both in state and in the private realms, is redirected in accordance to the principles and logic of the market, and under which education gradually loses its status as a public good, and acquires the position of a commercial service. The present article focuses on the emergence of the market logic and mechanisms in the context on higher education, based on important economic concepts, such as those of competitive market, free market, state intervention, quasi-markets and market failure. The occurrences of competition imperfections are described and analyzed, namely, the market failures generally present in the context of higher education: public goods, positive externalities, powers of monopoly, and asymmetrical information. The text concludes that the regulation of national States is indispensable and that, consequently, the establishment of perfectly competitive markets within the sphere of higher education is very unlikely.
Higher education; Markets in higher education; Quasi-market