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The Slowdown In First-Response Times Of Economics Journals: Can It Be Beneficial?

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  • OFER H. AZAR

Abstract

"The first-response time (henceforth FRT) of economics journals has increased over the last four decades from 2 months to 3-6 months. The optimal FRT, however, is not zero because a longer FRT deters submissions of mediocre papers to good journals and consequently saves valuable time of referees and editors. Interestingly, the change in the actual FRT is in the same direction as the change in the optimal FRT. The latter has increased because of the availability of research on the Internet prior to publication and because papers became longer and more mathematical, increasing the costs of refereeing a paper." ("JEL" L82, A10, A14, I23, A19) Copyright 2006 Western Economic Association International.

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Bibliographic Info

Article provided by Western Economic Association International in its journal Economic Inquiry.

Volume (Year): 45 (2007)
Issue (Month): 1 (01)
Pages: 179-187

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Handle: RePEc:bla:ecinqu:v:45:y:2007:i:1:p:179-187

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References

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  1. Glenn Ellison, 2000. "Evolving Standards for Academic Publishing: A q-r Theory," NBER Working Papers 7805, National Bureau of Economic Research, Inc.
  2. Engers, Maxim & Gans, Joshua S, 1998. "Why Referees Are Not Paid (Enough)," American Economic Review, American Economic Association, American Economic Association, vol. 88(5), pages 1341-49, December.
  3. Ofer H. Azar, 2004. "Rejections and the importance of first response times," International Journal of Social Economics, Emerald Group Publishing, Emerald Group Publishing, vol. 31(3), pages 259-274, March.
  4. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 2001. "Reputational Capital and Academic Pay," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 39(4), pages 663-71, October.
  5. Juin-jen Chang & Ching-chong Lai, 2001. "Is It Worthwhile to Pay Referees?," Southern Economic Journal, Southern Economic Association, vol. 68(2), pages 457-463, October.
  6. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 110(5), pages 947-993, October.
  7. Ofer H. Azar, 2005. "The Review Process in Economics: Is it Too Fast?," General Economics and Teaching, EconWPA 0503013, EconWPA.
  8. Sauer, Raymond D, 1988. "Estimates of the Returns to Quality and Coauthorship in Economic Academia," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 96(4), pages 855-66, August.
  9. Trivedi, Pravin K, 1993. "An Analysis of Publication Lags in Econometrics," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 8(1), pages 93-100, Jan.-Marc.
  10. Blank, Rebecca M, 1991. "The Effects of Double-Blind versus Single-Blind Reviewing: Experimental Evidence from The American Economic Review," American Economic Review, American Economic Association, American Economic Association, vol. 81(5), pages 1041-67, December.
  11. Laband, David N, 1990. "Is There Value-Added from the Review Process in Economics? Preliminary Evidence from Authors," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 105(2), pages 341-52, May.
  12. Yohe, Gary W, 1980. "Current Publication Lags in Economics Journals," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 18(3), pages 1050-55, September.
  13. Laband, David N & Tollison, Robert D & Karahan, Gokhan R, 2002. "Quality Control in Economics," Kyklos, Wiley Blackwell, Wiley Blackwell, vol. 55(3), pages 315-34.
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Citations

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Cited by:
  1. Andrei Barbos, 2013. "Imperfect Evaluation in Project Screening," Working Papers, University of South Florida, Department of Economics 0613, University of South Florida, Department of Economics.
  2. Besancenot, Damien & Vranceanu, Radu, 2008. "Can incentives for research harm research? A business schools' tale," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 37(3), pages 1248-1265, June.
  3. Azar, Ofer H., 2008. "Evolution of social norms with heterogeneous preferences: A general model and an application to the academic review process," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 65(3-4), pages 420-435, March.
  4. Glenn Ellison, 2011. "Is Peer Review In Decline?," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 49(3), pages 635-657, 07.
  5. Ofer Azar, 2003. "Rejections and the Importance of First Response Times (Or: How Many Rejections Do Others Receive?)," General Economics and Teaching, EconWPA 0309002, EconWPA.
  6. Barbos, Andrei, 2013. "Project screening with tiered evaluation," Mathematical Social Sciences, Elsevier, Elsevier, vol. 66(3), pages 293-306.
  7. Damien Besancenot & Radu Vranceanu, 2007. "Une Analyse Economique Des Politiques D'’Incitationa La Publication," CEPN Working Papers, HAL halshs-00175384, HAL.
  8. Ofer H. Azar, 2005. "The Academic Review Process: How Can We Make it More Efficient?," General Economics and Teaching, EconWPA 0502069, EconWPA.

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