Search and Research: The influence of editorial boards on journals' quality
AbstractThis paper considers the search for the best papers by the editors of an academic journal. Editors' search is sequential. At each period, each editor receives one submission from a researcher and has to decide if she accepts or rejects the paper. The editorial board is heterogeneous, some editors being more demanding than others. On the academic side, researchers choose the quality level of their papers in order to maximize their utility function taking as given the composition of the editorial board. We show that three equilibria may occur. When the number of the less demanding editors is high, or if the editors exhibit great differences in their demand for quality, the journal will attract fewer submissions, publish a small number of papers and these papers will be of low quality. When the editorial board is composed by a homogeneous set of very demanding editors, the journal will publish a high number of high quality papers. For some intermediate structure of the board, a situation of multiple equilibria allows a hybrid equilibrium to exist in which the journal receives both good and bad papers. The long run and welfare implications of these equilibria are analyzed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by HAL in its series CEPN Working Papers with number halshs-00370785.
Date of creation: 25 Mar 2009
Date of revision:
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00370785
Contact details of provider:
Web page: http://hal.archives-ouvertes.fr/
Editors; Search Equilibrium; Publication market; Academic journals.;
Other versions of this item:
- 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.
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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.:
- 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.
- Andrew J. Oswald, 2007.
"An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers,"
London School of Economics and Political Science, vol. 74(293), pages 21-31, 02.
- Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," IZA Discussion Papers 2070, Institute for the Study of Labor (IZA).
- Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," The Warwick Economics Research Paper Series (TWERPS) 744, University of Warwick, Department of Economics.
- 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.
- Diamond, Peter, 1987.
"Consumer Differences and Prices in a Search Model,"
The Quarterly Journal of Economics,
MIT Press, vol. 102(2), pages 429-36, May.
- 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.
- Laband, David N & Piette, Michael J, 1994. "Favoritism versus Search for Good Papers: Empirical Evidence Regarding the Behavior of Journal Editors," Journal of Political Economy, University of Chicago Press, vol. 102(1), pages 194-203, February.
- Yohe, Gary W, 1980. "Current Publication Lags in Economics Journals," Journal of Economic Literature, American Economic Association, vol. 18(3), pages 1050-55, September.
- 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.
- Laband, David N, 1990. "Is There Value-Added from the Review Process in Economics? Preliminary Evidence from Authors," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 341-52, May.
- Stuart Macdonald & Jacqueline Kam, 2007. "Ring a Ring o' Roses: Quality Journals and Gamesmanship in Management Studies," Journal of Management Studies, Wiley Blackwell, vol. 44(4), pages 640-655, 06.
- Rajeev K. Goel, 2006. "The Game Academics Play: Comment," Bulletin of Economic Research, Wiley Blackwell, vol. 58(1), pages 19-23, 01.
- Marshall H. Medoff, 2003. "Editorial Favoritism in Economics?," Southern Economic Journal, Southern Economic Association, vol. 70(2), pages 425-434, October.
- Besancenot, Damien & Vranceanu, Radu, 2006.
"Can Incentives for Research Harm Research? A Business Schools Tale,"
ESSEC Working Papers
DR 06003, ESSEC Research Center, ESSEC Business School.
- Besancenot, Damien & Vranceanu, Radu, 2008. "Can incentives for research harm research? A business schools' tale," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1248-1265, June.
- Rajeev K. Goel & Jo�o Ricardo Faria, 2007. "Proliferation Of Academic Journals: Effects On Research Quantity And Quality," Metroeconomica, Wiley Blackwell, vol. 58(4), pages 536-549, November.
- 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.
- Heintzelman Martin & Nocetti Diego, 2009. "Where Should we Submit our Manuscript? An Analysis of Journal Submission Strategies," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-28, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).
If references are entirely missing, you can add them using this form.