IDEAS home Printed from https://ideas.repec.org/h/spr/isochp/978-1-4614-7095-3_11.html
   My bibliography  Save this book chapter

A Game-Theoretic Model of Tenure

In: Game Theory and Business Applications

Author

Listed:
  • Kalyan Chatterjee

    (Pennsylvania State University)

  • Robert C. Marshall

    (Pennsylvania State University)

Abstract

Contingent contracts for university faculty, based on output or investment, are not possible since neither output nor investment are verifiable. Further, the accumulation of discipline-specific human capital by academics is often detrimental to their opportunities outside their occupations. We have shown in this paper that the confluence of these effects results in a lifetime employment contract. Universities prefer it because it encourages increased levels of investment. Faculty members prefer it since it prevents employers from taking advantage of the erosion of their outside opportunities as they strive for results in their discipline.

Suggested Citation

  • Kalyan Chatterjee & Robert C. Marshall, 2014. "A Game-Theoretic Model of Tenure," International Series in Operations Research & Management Science, in: Kalyan Chatterjee & William Samuelson (ed.), Game Theory and Business Applications, edition 2, chapter 0, pages 287-305, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-7095-3_11
    DOI: 10.1007/978-1-4614-7095-3_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brian H Spitzberg, 2018. "Framing the Game: An Architectonic Analogue for Meta-Theorizing Academic Activities," Studies in Media and Communication, Redfame publishing, vol. 6(1), pages 11-25, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isochp:978-1-4614-7095-3_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.