Academic Tenure, Posttenure Effort, and Contractual Damages

Antony Dnes and Nuno Garoupa

Economic Inquiry, 2005, vol. 43, issue 4, 831-839

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.

JEL-codes: I2 K0 L2 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (7)

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