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Applications and Implementation THE ALLOCATION OF TIME IN ACADEME: RENT‐SEEKING IMPLICATIONS
Author(s) -
Stolen Justin D.,
Gleason John M.
Publication year - 1986
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1986.tb00222.x
Subject(s) - rent seeking , productivity , resource allocation , promotion (chess) , economics , process (computing) , wage , microeconomics , time allocation , affect (linguistics) , optimal allocation , labour economics , industrial organization , computer science , economic growth , mathematical optimization , market economy , mathematics , management , political science , linguistics , philosophy , politics , law , operating system
The allocation of time in academe is influenced by artificial constraints such as wage‐fund pools and quotas on promotion and tenure. These constraints affect the potential productivity of professors. An analysis of the time‐allocation process and of rent‐seeking implications for that process suggests various ways to shift supply curves to counteract the effects of these constraints.