Academic faculty governance and recruitment decisions
- We 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.
| Author: | Jens PrüferORCiDGND, Uwe WalzORCiDGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-259512 |
| DOI: | https://doi.org/10.1007/s11127-011-9885-9 |
| ISSN: | 0048-5829 |
| ISSN: | 1573-7101 |
| Parent Title (English): | Public choice |
| Publisher: | Springer Netherlands |
| Place of publication: | Dordrecht |
| Document Type: | Article |
| Language: | English |
| Year of Completion: | 2012 |
| Date of first Publication: | 2011/10/14 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2012/09/19 |
| Tag: | Academic faculties; Labor market competition; Status organizations; University governance |
| Volume: | 155 |
| Issue: | 3 |
| Page Number: | 23 |
| First Page: | 507 |
| Last Page: | 529 |
| Note: | Open Access This article is distributed under the terms of the Creative Commons Attribution Noncommercial License which permits any noncommercial use, distribution, and reproduction in any medium, provided the original author(s) and source are credited. |
| HeBIS-PPN: | 358068096 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Creative Commons - Namensnennung-Nicht kommerziell 3.0 |
