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Can incentives for research harm research? A business schools' tale

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  • Besancenot, Damien
  • Vranceanu, Radu

Abstract

This paper develops a simple model of the market for academic publications in business and economics. The supply of papers is presented as the outcome of a game between researchers and schools' deans under imperfect information about the quality of a given paper. The demand for papers brings into the picture the editorial selection process. After defining the equilibrium of this market, the model allows us to study the consequences of more powerful incentives for publication in major journals. It turns out that too large bonuses, as implemented by business schools in the recent years, might bring about several unpleasant consequences, such as a drop in the quality of major journals, a decline in the number of top-tier publications realized by leading research institutions and a fall in the expected compensation of top researchers.

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Bibliographic Info

Article provided by Elsevier in its journal The Journal of Socio-Economics.

Volume (Year): 37 (2008)
Issue (Month): 3 (June)
Pages: 1248-1265
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eee:soceco:v:37:y:2008:i:3:p:1248-1265

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Web page: http://www.elsevier.com/locate/inca/620175

For corrections or technical questions regarding this item, or to correct its listing, contact: (Jeroen Loos).

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References

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  1. Ofer H. Azar, 2007. "The Slowdown In First-Response Times Of Economics Journals: Can It Be Beneficial?," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 179-187, 01.
  2. Stigler, George J & Stigler, Stephen M & Friedland, Claire, 1995. "The Journals of Economics," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 331-59, April.
  3. Engers, Maxim & Gans, Joshua S, 1998. "Why Referees Are Not Paid (Enough)," American Economic Review, American Economic Association, vol. 88(5), pages 1341-49, December.
  4. Glenn Ellison, 2002. "Evolving Standards for Academic Publishing: A q-r Theory," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 994-1034, October.
  5. Hamermesh, Daniel S, 1994. "Facts and Myths about Refereeing," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 153-63, Winter.
  6. Henderson, Glenn Jr. & Ganesh, Gopala K. & Chandy, P. R., 1990. "Across-discipline journal awareness and evaluation: Implications for the promotion and tenure process," Journal of Economics and Business, Elsevier, vol. 42(4), pages 325-351, November.
  7. Glenn Ellison, 2000. "The Slowdown of the Economics Publishing Process," NBER Working Papers 7804, National Bureau of Economic Research, Inc.
  8. Faria, Joao Ricardo, 2005. "Is there a trade-off between domestic and international publications?," The Journal of Socio-Economics, Elsevier, vol. 34(2), pages 269-280, March.
  9. Akerlof, George A, 1970. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 488-500, August.
  10. Hodgson, Geoffrey M & Rothman, Harry, 1999. "The Editors and Authors of Economics Journals: A Case of Institutional Oligopoly?," Economic Journal, Royal Economic Society, vol. 109(453), pages F165-86, February.
  11. Steve Swidler & Elizabeth Goldreyer, 1998. "The Value of a Finance Journal Publication," Journal of Finance, American Finance Association, vol. 53(1), pages 351-363, 02.
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Citations

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Cited by:
  1. Radu Vranceanu & Damien Besancenot & Kim Huynh, 2010. "A Matching Model of the Academic Publication Market," Post-Print hal-00554710, HAL.
  2. Besancenot, Damien & Faria, Joao Ricardo & Vranceanu, Radu, 2009. "Why business schools do so much research: A signaling explanation," Research Policy, Elsevier, vol. 38(7), pages 1093-1101, September.
  3. João Faria & Rajeev Goel, 2010. "Returns to networking in academia," Netnomics, Springer, vol. 11(2), pages 103-117, July.
  4. Besancenot, Damien & Huynh, Kim & Vranceanu, Radu, 2006. "The "Read or Write" Dilemma in Academic Production: A European Perspective," ESSEC Working Papers DR 06021, ESSEC Research Center, ESSEC Business School.

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