[mishellaneous]

another possibility to combat grifting would be to have competition. another university comes up and provides the same service as the wasteful university at a smaller cost, and thus displaces the wasteful university. the advantage is that we don't need performance measurements and similar things that can create distorted interests / be gamed (just like the proposed profit limit). that's the theory, at least

[nullc]

Who does the choosing?

Today it's the students but they significantly don't pay the cost, so competition can be gamed by wasting money on student perks.

This is generally a problem that comes up when the party that pays isn't the party that gets the benefit-- it breaks competition's utility for getting good results.