Template-type: ReDIF-Paper 1.0
Author-Name: Antonelli, Cristiano 
Author-Email: cristiano.antonelli@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: The Economics of University: a Knowledge Governance Approach.
Abstract: 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 
Length: 23 pages
Creation-Date: 2006-10
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2006dip_l_b/2_wp_momigliano.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:200602