In an extremely interesting paper, Palacios-Huerta and Volij (2004) [PV] introduce the axiomatic method to the problem of how to rank academic journals on the basis of their mutual citations. They characterize the invariant method as the only one satisfying a list of five appealing properties. In this note, I show an impossibility result, by identifying a sixth property that is violated by the invariant method. Further, I question the appeal of the PV axioms, when applied over larger domains of problems that take into account making distinctions among types of citations.
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Article provided by Economics Bulletin in its journal Economics Bulletin.
Volume (Year): 1 (2004) Issue (Month): 3 () Pages: 1-6 Download reference. The following formats are available: HTML,
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Handle: RePEc:ebl:ecbull:v:1:y:2004:i:3:p:1-6
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