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The slowdown in first-response times of economics journals: Can it be beneficial?

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  • Azar, Ofer H.

Abstract

The first response time (henceforth FRT) of economics journals has increased over the last four decades from 1-2 months to 3-6 months. The optimal FRT, however, is not zero, because the FRT deters submission of mediocre papers to good journals and consequently saves valuable time of referees and editors. The change in the actual FRT is in the same direction as the change in the optimal FRT, which has increased because of the availability of research on the Internet prior to publication and because the costs of refereeing a paper have increased.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4478.

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Date of creation: 2002
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Publication status: Published in Economic Inquiry 45.1(2007): pp. 179-187
Handle: RePEc:pra:mprapa:4478

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Keywords: Academic review process; First response times; Turnaround times; Journals; Publishing; Slowdown; Refereeing; Economics journals; Editorial process;

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  1. Engers, Maxim & Gans, Joshua S, 1998. "Why Referees Are Not Paid (Enough)," American Economic Review, American Economic Association, American Economic Association, vol. 88(5), pages 1341-49, December.
  2. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 110(5), pages 947-993, October.
  3. Glenn Ellison, 2000. "Evolving Standards for Academic Publishing: A q-r Theory," NBER Working Papers 7805, National Bureau of Economic Research, Inc.
  4. Juin-jen Chang & Ching-chong Lai, 2001. "Is It Worthwhile to Pay Referees?," Southern Economic Journal, Southern Economic Association, vol. 68(2), pages 457-463, October.
  5. Ofer H. Azar, 2004. "Rejections and the importance of first response times," International Journal of Social Economics, Emerald Group Publishing, Emerald Group Publishing, vol. 31(3), pages 259-274, March.
  6. Sauer, Raymond D, 1988. "Estimates of the Returns to Quality and Coauthorship in Economic Academia," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 96(4), pages 855-66, August.
  7. Yohe, Gary W, 1980. "Current Publication Lags in Economics Journals," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 18(3), pages 1050-55, September.
  8. Blank, Rebecca M, 1991. "The Effects of Double-Blind versus Single-Blind Reviewing: Experimental Evidence from The American Economic Review," American Economic Review, American Economic Association, American Economic Association, vol. 81(5), pages 1041-67, December.
  9. Trivedi, Pravin K, 1993. "An Analysis of Publication Lags in Econometrics," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 8(1), pages 93-100, Jan.-Marc.
  10. 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.
  11. Laband, David N & Tollison, Robert D & Karahan, Gokhan R, 2002. "Quality Control in Economics," Kyklos, Wiley Blackwell, Wiley Blackwell, vol. 55(3), pages 315-34.
  12. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 2001. "Reputational Capital and Academic Pay," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 39(4), pages 663-71, October.
  13. 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, MIT Press, vol. 105(2), pages 341-52, May.
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Cited by:
  1. Azar, Ofer H., 2002. "Evolution of social norms with heterogeneous preferences: A general model and an application to the academic review process," MPRA Paper 4482, University Library of Munich, Germany.
  2. Andrei Barbos, 2013. "Project Screening with Tiered Evaluation," Working Papers, University of South Florida, Department of Economics 0913, University of South Florida, Department of Economics.
  3. Glenn Ellison, 2007. "Is Peer Review in Decline?," NBER Working Papers 13272, National Bureau of Economic Research, Inc.
  4. Damien Besancenot & Radu Vranceanu, 2007. "Une Analyse Economique Des Politiques D'’Incitationa La Publication," CEPN Working Papers, HAL halshs-00175384, HAL.
  5. 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, Elsevier, vol. 37(3), pages 1248-1265, June.
  6. Ofer Azar, 2003. "Rejections and the Importance of First Response Times (Or: How Many Rejections Do Others Receive?)," General Economics and Teaching, EconWPA 0309002, EconWPA.
  7. Barbos, Andrei, 2012. "Imperfect Evaluation in Project Screening," MPRA Paper 40847, University Library of Munich, Germany.
  8. Ofer H. Azar, 2005. "The Academic Review Process: How Can We Make it More Efficient?," General Economics and Teaching, EconWPA 0502069, EconWPA.

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