Will Tenure Voting Give Corporate Managers Lifetime Tenure?

A power-law distribution for tenure lengths of sports managers

We show that the tenure lengths for managers of sport teams follow a power law distribution with an exponent between 2 and 3. We develop a simple theoretical model which replicates this result. The model demonstrates that the empirical phenomenon can be understood as the macroscopic outcome of pairwise interactions among managers in a league, threshold effects in managerial performance evaluati...

Optimal voting rules for two-member tenure committees

A tenure committee first votes on whether to hire a candidate; if it does, it receives an informative performance signal, and then votes on whether to tenure the candidate; rejection at either stage returns the committee to a candidate pool, endogenising the value of the outside option. A candidate’s fate depends only on the behaviour of two ‘weather-vane’ committee members. Committee members m...

Land Tenure

Farming in sub-Saharan Africa outside South Africa typically takes place on small plots cultivated by individuals. The land tenure system is often described as 'communal', meaning that land is owned by a kin-based or political group and that individuals obtain the right to cultivate through their membership in that group. If a generalization is possible about the process through which people ob...

Promotion and tenure.

European tenure games