Autore
Antonelli, Cristiano

Titolo
The economics of universtity : a knowledge governance approach
Periodico
Università degli Studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis LEI & BRICK - Lab. Di economia dell'innovazione 'Franco Momigliano', Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series
Anno: 2006 - Fascicolo: 2 - Pagina iniziale: 1 - Pagina finale: 23

University is becoming the beam of the new emerging mode of governance of the generation and dissemination of knowledge as it reveals remarkable institutional advantages both to provide a solution to the knowledge trade-off and to reduce agency costs. The typical academic labor relation emerges as an appropriate institutional device to handle the principal-agent problems when creative talents are required. The unique institutional setup of the academic system creates the supply of certified skills that are ready to operate on a professional base. Such academic consultants can be paid on an ex-post per job base matching their variable costs only. This supply leads to the creation of a specific market for research services where the demand is provided by the knowledge outsourcing of corporations



Testo completo: http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2006dip_l_b/2_wp_momigliano.pdf

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