Teaching versus research: A multi-tasking approach  to multi-department universities

[en] We study the possible implications of incentive schemes as a tool to promote efﬁciency in the management of universities. In this paper, we show that by designing internal ﬁnancial rules which create yardstick competition for research funds, a multi-department university may induce better teaching quality and research, as compared to the performance of independent departments.

Disciplines :

Microeconomics

Author, co-author :

Gautier, Axel ; Université de Liège - ULiège > HEC - École de gestion de l'ULiège > Economie industrielle

Wauthy, Xavier

Language :

English

Title :

Teaching versus research: A multi-tasking approach to multi-department universities

Publication date :

February 2007

Journal title :

European Economic Review

ISSN :

0014-2921

eISSN :

1873-572X

Publisher :

Elsevier Science, Amsterdam, Netherlands

Volume :

Issue :

Pages :

273-295

Peer reviewed :

Peer Reviewed verified by ORBi

Additional URL :

http://www.elsevier.com/locate/eer

Available on ORBi :

since 25 February 2009

Statistics

Number of views

162 (17 by ULiège)

Number of downloads

350 (8 by ULiège)

More statistics

Scopus citations^®

Scopus citations^®
without self-citations

OpenCitations

OpenAlex citations

Bibliography

Abbott M., and Doucouliagos C. The efficiency of Australian universities: A data envelopment analysis. Economics of Education Review 22 (2003) 89-97
Ball D., and Butler J. The implicit use of business concepts in the UK research assessment exercise. RD Management 34 (2004) 87-97
Beath J., Owen R., Payago-Theotoky J., and Ulph D. Optimal incentives for income generation in universities: The rule of thumb for the Compton tax. International Journal of Industrial Organization 21 (2003) 1301-1322
Brusco S., and Panunzi F. Reallocation of corporate resources and managerial incentives in internal capital markets. European Economic Review 49 (2005) 659-681
Caballero R., Galache T., Gomez T., Molina J., and Torrico A. Efficient assignment of financial resources within a university system: Study of the university of Malaga. European Journal of Operational Research 133 (2001) 298-309
Caballero R., Galache T., Gomez T., Molina J., and Torrico A. Budgetary allocation and efficiency in the human resources policy of a university following multiple criteria. Economics of Education Review 23 (2004) 67-74
Coupé, T., 2001. Should university be conglomerate. In: The Strategic Analysis of Universities: Microeconomics and Management Perspectives. Dewatripont, M., Thys-Clément, F., Wilkin, L. (Eds.), Université Libre de Bruxelles, Bruxelles, p. 161-177.
De Fraja G., and Iossa E. Competition among universities and the emergence of the elite institution. Bulletin of Economic Research 54 (2002) 275-294
Del Rey E. Teaching versus research: A model of state university competition. Journal of Urban Economics 49 (2001) 356-373
Dewatripont M., Jewitt M., and Tirole J. The economics of career concerns, part I: Comparing information structures. Review of Economic Studies 66 (1999) 183-198
Dewatripont M., Jewitt M., and Tirole J. The economics of career concerns, part II: Applications to missions and accountability of governmental agencies. Review of Economic Studies 66 (1999) 199-217
Dundar H., and Lewis D. Departmental productivity in American universities: Economies of scale and scope. Economics of Education Review 14 (1995) 119-144
Ehrenberg R. Studying ourselves: The academic labour market. Journal of Labor Economics 21-2 (2003) 267-287
Fandel G., and Gal T. Redistribution of funds for teaching and research among universities: The case of North Rhine-Westpalia. European Journal of Operational Research 130 (2001) 111-120
Gautier, A., Heider, F., 2002. The benefits and costs of winner-picking: Redistribution vs incentives. cahier du CEREC 2002/5.
Holmström, B., 1982. Managerial incentive problems: A dynamic perspective. In: Essays in Economics and Management in Honor of Lars Wahlbeck. Swedish School of Economics: Helsinki, 1982.
Holmström B., and Milgrom P. Multitask principal-agent analyses: Incentive contracts, asset ownership, and job design. Journal of Law Economics and Organizations 7 (1991) 24-52
Inderst R., and Laux Ch. Incentives in internal capital markets: Capital constraints, competition and investment opportunities. RAND Journal of Economics 36 (2005) 215-228
Jensen R., and Thursby M. Objectives, characteristics and outcomes of university licensing: A survey of major US Universities. Journal of Technology Transfer 26 (2001) 59-72
MacDonald G., and Marx L. Adverse specialization. Journal of Political Economy 109 (2001) 864-899
Neary P., Mirrlees J., and Tirole J. Evaluating economics research in Europe: An introduction. Journal of the European Economic Association 1 6 (2003) 1239-1249
Parkan C. Gauging and comparing the performance of dissimilar entities. Journal of the Operational Research Society 55 (2004) 82-89
Shattock, M., 2002. Evaluating university success. In: Dewatripont, M., Thys-Clément, Wilkin, L. (Eds.), European University Change or Convergence, Université Libre de Bruxelles, p. 163-174.
Sinclair-Desgagné B. How to restore high-powered incentives in multitask agencies. Journal of Law Economics and Organizations 15 (1999) 418-433
Siow, A. 1995. The organization of the market for professors. University of Toronto WP UT-ECIPA 95-01.
Stein J. Internal capital markets and competition for corporate resources. Journal of Finance 52 (1997) 111-133
Tavernier, M., Wilkin, L., 2001. le Budget Temps des Professeurs d'Université: une Enqute Exploratoire. In: Dewatripont, N.,Thys-Clément, Wilkin, L. (Eds.), The Strategic Analysis of Universities: Microeconomics and Management Perspectives. Université Libre de Bruxelles, p. 73-94.
Tirole J. Incomplete contracts: Where do we stand?. Econometrica 67 (1999) 741-781