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

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Author Info
Besancenot, Damien
Vranceanu, Radu

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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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File URL: http://www.sciencedirect.com/science/article/B6W5H-4NK4G6C-3/1/f40d5d6e13de6ed197b3c994e9b10c24
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Publisher Info
Article provided by Elsevier in its journal The Journal of Socio-Economics.

Volume (Year): 37 (2008)
Issue (Month): 3 (June)
Pages: 1248-1265
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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

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Hamermesh, Daniel S, 1994. "Facts and Myths about Refereeing," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 153-63, Winter. [Downloadable!] (restricted)
  2. 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. [Downloadable!] (restricted)
  3. 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. [Downloadable!] (restricted)
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  4. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 947-993, October. [Downloadable!] (restricted)
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  5. 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. [Downloadable!] (restricted)
  6. 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. [Downloadable!] (restricted)
  7. 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. [Downloadable!] (restricted)
  8. 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. [Downloadable!] (restricted)
  9. 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. [Downloadable!] (restricted)
  10. 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. [Downloadable!] (restricted)
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  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. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Damien Besancenot & Joao Faria & Kim Huynh, 2009. "Congestion in academic journals under an impartial selection process," Working Papers halshs-00382585_v1, HAL. [Downloadable!]
  2. Besancenot, Damien & Faria, Joao Ricardo & Vranceanu, Radu, 2008. "Why Business Schools Do So Much Research: A Signaling Explanation," ESSEC Working Papers DR 08002, ESSEC Research Center, ESSEC Business School. [Downloadable!]
    Other versions:
  3. Damien Besancenot & Joao Faria & Kim Huynh, 2009. "Search and Research: The influence of editorial boards on journals' quality," Working Papers halshs-00370785_v1, HAL. [Downloadable!]
  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. [Downloadable!]
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