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Rent Seeking in Academia: The Consultancy Disease

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  • João Ricardo Faria

Abstract

The Consultancy disease is a type of rent seeking behavior in academia, and occurs when scholars spend time searching and working in public and private consultancies. It is shown that the Consultancy disease leads to lower equilibrium levels of academic work. Higher standards for scientific productivity and publications help to fight the disease.

Suggested Citation

  • João Ricardo Faria, 2001. "Rent Seeking in Academia: The Consultancy Disease," The American Economist, Sage Publications, vol. 45(2), pages 69-74, October.
    • Handle: RePEc:sae:amerec:v:45:y:2001:i:2:p:69-74
    DOI: 10.1177/056943450104500208
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    Cited by:

    1. Damien Besancenot & Kim Huynh & Radu Vranceanu, 2011. "A Matching Model of the Academic Publication Market," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(4), pages 708-725, December.
    2. Besancenot, Damien & Faria, Joao Ricardo & Vranceanu, Radu, 2009. "Why business schools do so much research: A signaling explanation," Research Policy, Elsevier, vol. 38(7), pages 1093-1101, September.
    3. Raúl Ramos & Vicente Royuela & Jordi Suriñach, 2007. "An analysis of the determinants in Economics and Business publications by Spanish universities between 1994 and 2004," Scientometrics, Springer;Akadémiai Kiadó, vol. 71(1), pages 117-144, April.

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