Academic faculty governance and recruitment decisions
Bibliographic Data
| ID | 10929672 |
|---|---|
| Authors | Jens Prüfer (0000-0001-7203-9711, Tilburg University, corresponding author), Uwe Walz (0000-0003-4287-3486, Goethe University Frankfurt) |
| Year | 2013 |
| Volume | 155 |
| Issue | 3-4 |
| Pages | 507-529 |
| Publication date | 2013-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Public Choice (JOURNAL) |
| Journal identifiers | ISSN: 0048-5829 • E-ISSN: 1573-7101 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s11127-011-9885-9 |
| OpenAlex | W1554618899 |
| Language | EN |
| Citations received | 1 |
| References cited | 17 |
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
Business · Corporate governance · Economics · Join (topology · Political science · Public relations · Ranking (information retrieval · Statistics · Value (mathematics · Voting · Computer Science · Experimental Behavioral Economics Studies · Finance · Game Theory and Voting Systems · Mathematics · Occupational and Professional Licensing Regulation
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| Citation velocity | historical |
|---|---|
| Highly cited | No |