Abstract

http://ssrn.com/abstract=922409
 
 

References (42)



 
 

Citations (26)



 


 



Are Elite Universities Losing their Competitive Edge?


E. Han Kim


University of Michigan, Stephen M. Ross School of Business

Adair Morse


University of California, Berkeley - Haas School of Business

Luigi Zingales


University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR); University of Chicago - Polsky Center for Entrepreneurship; European Corporate Governance Institute (ECGI)

June 2006

CEPR Discussion Paper No. 5700

Abstract:     
We study the location-specific component in research productivity of economics and finance faculty who have ever been affiliated with the top 25 universities in the last three decades. We find that there was a positive effect of being affiliated with an elite university in the 1970s; this effect weakened in the 1980s and disappeared in the 1990s. We decompose this university fixed effect and find that its decline is due to the reduced importance of physical access to productive research colleagues. We also find that salaries increased the most where the estimated externality dropped the most, consistent with the hypothesis that the de-localization of this externality makes it more difficult for universities to appropriate any rent. Our results shed some light on the potential effects of the internet revolution on knowledge-based industries.

Number of Pages in PDF File: 73

Keywords: Faculty productivity, firm boundaries, knowledge-based industries, theory of the firm

JEL Classification: D85, I23, J24, J31, J62, L23, L31, O33

working papers series


Date posted: August 7, 2006  

Suggested Citation

Kim, E. Han and Morse, Adair and Zingales, Luigi, Are Elite Universities Losing their Competitive Edge? (June 2006). CEPR Discussion Paper No. 5700. Available at SSRN: http://ssrn.com/abstract=922409

Contact Information

E. Han Kim
University of Michigan, Stephen M. Ross School of Business ( email )
701 Tappan Street
Ann Arbor, MI MI 48109
United States
734-764-2282 (Phone)
734-763-3117 (Fax)
Adair Morse
University of California, Berkeley - Haas School of Business ( email )
545 Student Services Building
Berkeley, CA 94720
United States
Luigi Zingales (Contact Author)
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-3196 (Phone)
773-834-2081 (Fax)

Chicago Booth School of Business Logo

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
University of Chicago - Polsky Center for Entrepreneurship
Chicago, IL 60637
United States
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
HOME PAGE: http://www.ecgi.org
Feedback to SSRN


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References:  42
Citations:  26

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