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Are Elite Universities Losing Their Competitive Edge?

dc.contributor.authorKim, E. Han
dc.contributorMorse, Adair
dc.contributorZingales, Luigi
dc.date.accessioned2006-10-12T20:14:40Z
dc.date.available2006-10-12T20:14:40Z
dc.date.issued2006-04
dc.identifier1046en
dc.identifier.urihttps://hdl.handle.net/2027.42/48736
dc.description.abstractWe 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.en
dc.format.extent709282 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.subjectFaculty productivityen
dc.subjectfirm boundariesen
dc.subjectknowledge-based industriesen
dc.subjecttheory of the firmen
dc.subject.classificationFinanceen
dc.titleAre Elite Universities Losing Their Competitive Edge?en
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumRoss School of Businessen
dc.contributor.affiliationotherRoss School of Businessen
dc.contributor.affiliationotherUniversity of Chicago; Harvard University; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)en
dc.contributor.affiliationumcampusAnn Arbor
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/48736/1/1046-EHanKim.pdfen_US
dc.owningcollnameBusiness, Stephen M. Ross School of - Working Papers Series


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