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Can Incentives for Research Harm Research? A Business Schools Tale

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Author Info

  • Besancenot, Damien

    ()
    (LEM and Université Paris 2)

  • Vranceanu, Radu

    ()
    (ESSEC Business School)

Abstract

The 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, 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

Paper provided by ESSEC Research Center, ESSEC Business School in its series ESSEC Working Papers with number DR 06003.

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Length: 29 pages
Date of creation: Feb 2006
Date of revision:
Handle: RePEc:ebg:essewp:dr-06003

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Postal: ESSEC Research Center, BP 105, 95021 Cergy, France
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Web page: http://www.essec.edu/
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Related research

Keywords: Academic Journals; Business Schools; Incentives for Publishing; Publications Market; Rankings;

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References

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  1. Daniel S. Hamermesh, 1994. "Facts and Myths about Refereeing," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 153-163, Winter.
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  6. Faria, Joao Ricardo, 2005. "Is there a trade-off between domestic and international publications?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(2), pages 269-280, March.
  7. Glenn Ellison, 2000. "The Slowdown of the Economics Publishing Process," NBER Working Papers 7804, National Bureau of Economic Research, Inc.
  8. Joao Ricardo Faria, 2000. "The Game Academics Play: Editors Versus Authors," Working Paper Series 105, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
  9. Anne-Wil Harzing, 2005. "Australian Research Output in Economics and Business: High Volume, Low Impact?," Australian Journal of Management, Australian School of Business, vol. 30(2), pages 183-200, December.
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  12. 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.
  13. Christiana E. Hilmer & Michael J. Hilmer, 2005. "How Do Journal Quality, Co-Authorship, and Author Order Affect Agricultural Economists' Salaries?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(2), pages 509-523.
  14. Ofer H. Azar, 2005. "The Review Process in Economics: Is It Too Fast?," Southern Economic Journal, Southern Economic Association, vol. 72(2), pages 482–491, October.
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  16. 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.
  17. Faria, Joao Ricardo, 2002. "Scientific, business and political networks in academia," Research in Economics, Elsevier, vol. 56(2), pages 187-198, June.
  18. Mark J. McCabe & Christopher M. Snyder, 2005. "Open Access and Academic Journal Quality," American Economic Review, American Economic Association, vol. 95(2), pages 453-459, May.
  19. Azar, Ofer H., 2002. "The slowdown in first-response times of economics journals: Can it be beneficial?," MPRA Paper 4478, University Library of Munich, Germany.
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Citations

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Cited by:
  1. repec:hal:wpaper:halshs-00370785 is not listed on IDEAS
  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.
  3. repec:hal:wpaper:halshs-00382585 is not listed on IDEAS
  4. Damien Besancenot & Kim Huynh & Radu Vranceanu, 2011. "A Matching Model of the Academic Publication Market," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(4), pages 708-725, December.
  5. repec:hal:cepnwp:halshs-00370785 is not listed on IDEAS
  6. Besancenot, Damien & Faria, João Ricardo, 2010. "Good research and bad teaching? A business school tale," Research in Economics, Elsevier, vol. 64(2), pages 67-72, June.
  7. João Faria & Rajeev Goel, 2010. "Returns to networking in academia," Netnomics, Springer, vol. 11(2), pages 103-117, July.
  8. repec:hal:wpaper:halshs-00589186 is not listed on IDEAS
  9. Damien Besancenot & Radu Vranceanu, 2014. "A model of scholarly publishing with hybrid academic journals," Post-Print hal-00971541, HAL.
  10. Jellal, Mohamed & Faria, Joao & Elaoufi, Noureddine, 2012. "Endogenous dynamic academic research culture," MPRA Paper 38711, University Library of Munich, Germany.
  11. Damien Besancenot & Kim Huynh & Joao Faria, 2012. "Search and research: the influence of editorial boards on journals’ quality," Theory and Decision, Springer, vol. 73(4), pages 687-702, October.
  12. repec:hal:wpaper:halshs-00241259 is not listed on IDEAS
  13. 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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