'Merit' pay for all

Tracking the merit of merit pay

Merit Pay in Canadian Universities

Montréal. Il a pour mission la promotion et la valorisation de la recherche. Érudit offre des services d'édition numérique de documents scientifiques depuis 1998. Pour communiquer avec les responsables d'Érudit : [email protected] Article "Academic Contests? Merit Pay in Canadian Universities / Le salaire au mérite dans les universités canadiennes / Concursos Académicos ?: Sueldo de acuerdo a...

All-Pay-All Auctions

We consider a class of auctions in which bidders receive (asymmetric) shares of the amount of money raised. Examples include corporate takeovers when potential acquirers have “toeholds” and auctions used to raise money for a public good. We show that the optimal selling mechanism in these cases is a simple “all-pay-all” auction in which all bidders pay a weighted sum of all bids. When bidders r...

Merit Pay: Just or Unjust Desserts

The Allocation of Merit Pay in Academia

This paper investigates whether the widespread awarding of faculty merit pay at a large public university accurately reflects productivity. We show that pairwise voting on a quality standard by a committee can in theory be consistent with observed allocation patterns. However, the data indicate only nominal adherence to a quality standard. Departments with more severe compression issues are mor...