Modeling the University Decision Process: The Effects of Faculty Participation in University Decision Making
Kathleen Carroll (),
Lisa Dickson and
Jane Ruseski
No 11-129, UMBC Economics Department Working Papers from UMBC Department of Economics
Abstract:
This paper develops models of decision making in a university setting with and without faculty participation. The models predict values for the level of services or programs offered and the quality of those services in a university setting for either private nonprofit or public universities. These predictions indicate conditions under which outcomes are similar or differ with faculty participation in the decision process. The model predicts that without shared governance that universities may overinvest in non-academic quality (e.g. athletics, recreational activities). This would be exacerbated in for-profit forms of higher education. Notably, nonprofit and/or public institutions are not inefficient relative to for-profit institutions, which questions the rationale for subsidies to for-profit institutions. If academic quality provides positive externalities as has been suggested in the literature, then shared governance may be socially preferred to university decision making without faculty involvement.
Keywords: higher education; faculty governance; university decision making; incentives; nonprofit organization; public organization; organizational behavior (search for similar items in EconPapers)
Pages: 38 pages
Date: 2011-01
New Economics Papers: this item is included in nep-edu, nep-lab and nep-sog
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Persistent link: https://EconPapers.repec.org/RePEc:umb:econwp:11129
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