Academic faculty governance and recruitment decisions
AbstractWe analyze the implications of the governance structure in academic faculties for their recruitment decisions when competing for new researchers. The value to individual members through social interaction within the faculty depends on the average status of their fellow members. In recruitment decisions, incumbent members trade off the effect of entry on average faculty status against alternative uses of the recruitment budget if no entry takes place. We show that the best candidates join the best faculties but that they receive lower wages than some lesser ranking candidates. We also study the allocation of surplus created by the entry of a new faculty member and show that faculties with symmetric status distributions maximize their joint surplus under majority voting. Copyright The Author(s) 2013
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 155 (2013)
Issue (Month): 3 (June)
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Web page: http://www.springerlink.com/link.asp?id=100332
D02; D71; L22; Academic faculties; University governance; Status organizations; Labor market competition;
Other versions of this item:
- Prüfer, J. & Walz, U., 2013. "Academic faculty governance and recruitment decisions," Open Access publications from Tilburg University urn:nbn:nl:ui:12-5117896, Tilburg University.
- Prüfer, J. & Walz, U., 2009. "Academic Faculty Governance and Recruitment Decisions," Discussion Paper 2009-021, Tilburg University, Tilburg Law and Economic Center.
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
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