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IDEAS Fantasy League

The IDEAS fantasy league allows you to pretend you are at the helm of an economics department. Your goal is to improve its ranking relative to other departments in the league. You can do this by trading economists and by choosing which ones to activate in your roster.

Start of play

There is no season for play, thus one can enter the league at any time. Upon entering, a new player gets a random allocation of 25 economists drawn from those registered with the RePEc Author Service. The draw pool is constituted of all economists who were ranked the previous month (10-year ranking), with one from each of 25 tranches. Each tranche i is determined by the successive current interval of rankings with intervals of size 50(1.225i-1). The first 20 economists, that is, those currently in the first third of the ranking, get automatically activated. A new player also gets an allocation on 100 utils, the internal currency of the league.

Transactions

Every player has 30 slots for the virtual department. 25 of them are used with the initial allocation, and up to 20 are activated, that is, up to 20 can count for ranking purposes. From there a player can: Note that there is no trading, even with side-payments. Every transaction has to go through the open market, where an economist is listed for 30 days. Bidding follows the rules of a second-price auction at increments of one util, with the current owner setting a minimum price, which is public.

Scoring

All fantasy departments are ranked every month at the same time the IDEAS/RePEc rankings are updated. The scoring is perfomed in the same way as for real departments: the scores are added over all department members for each criterion, departments are ranked for each criterion, and a harmonic mean of the resulting ranks is computed after removing the department's best and worst ranks. The scoring is using the new 10-year scores (publications of the last 10 years only). The ranking of all fantasy departments is published and available to players only. The virtual ranking had there been no transaction since the initial allocation is also published, to determine whether trading improved things.

Additional details

A few additional details need to be mentioned to take care of particular situations:

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