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University Governance and Academic Tenure: A Property Rights Explanation

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  • Willam O. Brown

Abstract

This paper provides an efficiency-based explanation for several features of university governance including academic tenure. In this model, tenure is part of a broader system of organizational governance where the non-profit status of the university requires faculty members to evaluate and monitor both university administrators and trustees. The nature of the employment contract provides the incentives for the faculty to behave as residual claimants. Tenure is necessary for faculty to be willing to assume the roles normally associated with ownership without fear or reprisal from trustees and administrators.

Suggested Citation

  • Willam O. Brown, 1997. "University Governance and Academic Tenure: A Property Rights Explanation," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 153(3), pages 441-441, September.
  • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(199709)153:3_441:ugaata_2.0.tx_2-z
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    Citations

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    Cited by:

    1. Jörg Heining & Jürgen Jerger & Jörg Lingens, 2008. "Deutsche Hochschulkarrieren im Fach Volkswirtschaftslehre. Eine deskriptive Analyse von Lebenslaufdaten," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(3), pages 306-328, August.
    2. BrownJr., William O., 2001. "Faculty participation in university governance and the effects on university performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(2), pages 129-143, February.
    3. Sergey V. Popov, 2015. "Tenure-track contract helps self-selection," Economics Bulletin, AccessEcon, vol. 35(4), pages 2482-2486.
    4. AW Dnes & JS Seaton, 2001. "The Research Assessment Exercise And The Reform Of Academic Tenure In The United Kingdom," Contemporary Economic Policy, Western Economic Association International, vol. 19(1), pages 39-48, January.
    5. repec:rnp:ecopol:ep1716 is not listed on IDEAS
    6. Ferris, J. Stephen & McKee, Michael, 2005. "Matching Candidates with Academic Teams: A Case for Academic Tenure," International Review of Law and Economics, Elsevier, vol. 25(2), pages 290-310, June.

    More about this item

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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