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.
| Original language | English |
|---|---|
| Pages (from-to) | 831-839 |
| Number of pages | 9 |
| Journal | Economic Inquiry |
| Volume | 43 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 1 Oct 2005 |