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Academic Tenure, Posttenure Effort, and Contractual Damages

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Author Info
Antony Dnes
Nuno Garoupa

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Abstract

In this article we explore the incentive properties of academic tenure relative to alternatives that might be substitutes for tenure, in particular contractual damages. We emphasize the role of tenure in providing an incentive for incumbent faculty to reveal the characteristics of recruits and to maintain their own performance posttenure. Our results suggest that tenure is just one of many mechanisms potentially able to achieve honest revelation. (JEL I2, K0, L2) Copyright 2005, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/ei/cbi061
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Publisher Info
Article provided by Oxford University Press in its journal Economic Inquiry.

Volume (Year): 43 (2005)
Issue (Month): 4 (October)
Pages: 831-839
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Handle: RePEc:oup:ecinqu:v:43:y:2005:i:4:p:831-839

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Find related papers by JEL classification:
I2 - Health, Education, and Welfare - - Education
K0 - Law and Economics - - General
L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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This page was last updated on 2009-11-19.

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