Видеозапись семинара "Governance in university"
Anna Panova – Lecturer at the Faculty of Economic Sciences, Junior Research Fellow at the International Research Laboratory for Institutional Analysis of Economic Reforms
The decision making mechanism at university is one of important factors affecting university's performance. We look for appropriate mechanisms in the case when clear criteria for effectiveness are missing and at the same time one can rely on professors' knowledge. We study the situation when the university's founder has to delegate decision making power and choose among several types of governance. The first type of governance is sharing governance, in this case the decision is made on the basis of majority voting. The second type is autocratic governance without rotation. The third type is autocratic governance with rotation, and finally we have governance when the decisions are made by a committee. If the founder cannot assess the preferences of professors and choose professors with specific characteristics, sharing governance gives the best results. The second best chose is to delegate the decision to a committee.
Keywords: university, governance
JEL-codes: D7, I290
Working paper: download