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Economists in the PITS?

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  • Bruno S. Frey

Abstract

Academic economists today are caught in a "Publication Impossibility Theorem System" or PITS. In order to further their careers, they are required to publish in A-journals, but for the vast majority this is impossible because there are few slots open for them in such journals. Such academic competition maybe useful to generate hard work; however, there may be serious negative consequences: the wrong output may be produced in an inefficient way, the wrong people may be selected, and losers may react in a harmful way. This article suggests several ways to remedy this situation.

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Paper provided by Center for Research in Economics, Management and the Arts (CREMA) in its series CREMA Working Paper Series with number 2009-29.

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Date of creation: Dec 2009
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Handle: RePEc:cra:wpaper:2009-29

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Keywords: Academia; Economists; Publication; Journals; Incentives; Economic methodology;

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  1. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March.
  2. Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
  3. Oswald, Andrew J., 2009. "World-Leading Research and its Measurement," The Warwick Economics Research Paper Series (TWERPS) 887, University of Warwick, Department of Economics.
  4. Roland Benabou & Jean Tirole, 2003. "Intrinsic and Extrinsic Motivation," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 70(3), pages 489-520, 07.
  5. Bruno S. Frey & Reiner Eichenberger & Rene L. Frey, 2009. "Editorial Ruminations: Publishing Kyklos," CREMA Working Paper Series 2009-01, Center for Research in Economics, Management and the Arts (CREMA).
  6. Andrew J. Oswald, 2007. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 74(293), pages 21-31, 02.
  7. Joshua S. Gans & George B. Shepherd, 1994. "How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 165-179, Winter.
  8. Alois Stutzer & Bruno S. Frey, . "Does Marriage Make People Happy, Or Do Happy People Get Married?," IEW - Working Papers 143, Institute for Empirical Research in Economics - University of Zurich.
  9. David N. Laband & Robert D. Tollison, 2003. "Dry Holes in Economic Research," Kyklos, Wiley Blackwell, vol. 56(2), pages 161-173, 05.
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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Catch-22 for publish-and-perish
    by Economic Logician in Economic Logic on 2009-03-17 08:13:00
  2. Are we the PITS?
    by Ferg in Geary Behaviour Centre on 2009-03-16 10:35:00
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Cited by:
  1. Bruno S. Frey, 2009. "A Multiplicity of Approaches to Institutional Analysis. Applications to the Government and the Arts," CESifo Working Paper Series 2727, CESifo Group Munich.
  2. Jean-Yves Lesueur, 2010. "La production scientifique des enseignants-chercheurs en économie : Quelques résultats économétriques issus du dispositif PES," Post-Print halshs-00537859, HAL.
  3. Jean-Yves Lesueur, 2010. "La production scientifique des enseignants-chercheurs en économie : Quelques résultats économétriques issus du dispositif PES," Working Papers, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure 1030, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
  4. Libman, A., 2011. "German Economics: Mechanisms of Transformation," Journal of the New Economic Association, New Economic Association, New Economic Association, issue 9, pages 129-149.
  5. Sergio Da Silva, 2009. "Going parochial in the assessment of the Brazilian economics research output," Economics Bulletin, AccessEcon, vol. 29(4), pages 2832-2852.
  6. Gérard Charreaux, 2011. "«Cité ou oublié» les supports de la notoriété des professeurs en sciences de gestion vus à travers Google Scholar," Working Papers CREGO 1111101, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.

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