Academic faculty governance and recruitment decisions

Jens Prüfer and Uwe Walz ()

Public Choice, 2013, vol. 155, issue 3, 507-529

Abstract: 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. Copyright The Author(s) 2013

Keywords: D02; D71; L22; Academic faculties; University governance; Status organizations; Labor market competition (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s11127-011-9885-9

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