In academia, a subset of faculty has tenure, which allows its beneficiaries to retain their professorships without mandatory retirement and with only limited grounds for revocation. Proponents of tenure argue it protects intellectual freedom and encourages investment in human capital. Detractors...

The paper develops a model of academic tenure based on multi-tasking and screening. A professor has two tasks, researching and teaching. We assume that researching performance is easy to measure but teaching performance is immeasurable. Then Holmstrom and Milgrom's (1991) classical muli-task...

Academic research is a public good whose production is supported by the tuition- paying students that a faculty's research accomplishments attract. A professor's spot contribution to the university's revenues thus depends not on her spot research production, but rather on her entire cumulative...

Der vorliegende Beitrag begründet die Vorteilhaftigkeit von Arbeitszeitflexibilisierung bei Produktmarktunsicherheiten theoretisch über die Existenz von Arbeitszeitkonten. Das Arbeitszeitkonten Modell kombiniert dabei effizienzlohn und versicherungstheoretische Aspekte. Die Lösungen sind...