comment on madison, frischmann & strandburg, the university as a constructed commons lee fennell...
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Comment on Madison, Frischmann & Strandburg,
The University as a Constructed Commons
Lee FennellUniversity of Chicago Law School
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Design Principles of Robust Property-Rights Institutions (Ostrom 1990, 2005, 2009)
• Well-defined boundaries• Proportional equivalence between benefits and
costs• Collective choice arrangements• Monitoring• Graduated Sanctions• Conflict Resolution Mechanisms• Minimal Recognition of Rights to Organize• Nested Enterprises
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If a University is a Commons, What Is the Common Resource?
Madison, Frischmann, & Strandburg’s answer:
Knowledge“The university (and any particular university) is
defined by a population of faculty and students who take as their mission the simultaneous construction and perpetuation of knowledge itself ….” (draft at p. 12).
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What Potential Tragedies Must Universities Design Around?
• Underprovision problem ?- Inputs are priced (faculty salaries)but underspecified (e.g., tenure protections)
• Overgrazing problem ? - “Knowledge itself” is nonrivalrous but
“knowledge delivery systems” (professor contact hours, classroom seats, library books, computer terminals, laboratory equipment, etc.) are rivalrous and hence rationed
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Beyond “Knowledge Itself,” What Do Universities Produce?
• Grades, degrees, credentials• Faculty prestige, job security, job mobility• Numerous club goods (gyms, tennis courts,
libraries, dining halls, and so on)• Friendship/dating/marriage/partner markets• Liaisons with larger academic networks• Marketable innovations• Community/alumni engagement (e.g., sports
teams, concerts, lectures, magazines)
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Questions• If there are different optimal scales for
different activities undertaken by modern research universities, what drives the decision about where to place the boundaries?
• Knowledge transmission in the university is highly labor intensive and performance-based; need it be, or is it designed this way to facilitate a particular pricing model?
• Tenure reduces monitoring/sanctioning opportunities; countervailing benefits?