"administrators who take actions that would be normal in a for-profit organisation, such as dismissing the worst tenured faculty members and abolishing poorly-performing programs, send chills through the ranks of everyone who woriies that they are or might become deadwood. If faculty want assurances that tenure means a life senecure, which is not what tenure grants legally, they have strong incentives, usually under the guise of academic freedom, to protest any move against incompetent facultty. Secure property rights in employment are valued by most faculty, so they have little incentive to support administrators who like to terminate the employment of the least comeptent as it could mean insecure employment rights for all. Unlike in a for-profit organisation, where bad employees can cost everyone money and it is understood that employment rights are insecure, at a college, and unproductive professor is unlikely to lower the income of another faculty."
Nog een keer de referentie: E. Colombatto (ed) The Economics of Property Rights. Elgar Companion; 2004
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