European Review, the journal of the Academia Europaea, just published our article “Governing Collective Action – the Impetus for University Commons”. The Academia Europaea is a European, non-governmental association acting as an academy. Together with the INCHER at Kassel and the Volkswagen Foundation, the Academia Europaea organized a conference on university governance in Hannover in 2016. European Review now published a special issue with all contributions. Our article discusses how different modes of governance facilitate or obstruct collective action in universities. Based on theories of public goods and the resource-based perspective, we develop the concept of university commons in order to analyse the challenges arising from the governance of collective action. We examine how to effectively balance collegial and managerial governance to create a sustainable portfolio of university commons.