How Should Peer-Review Panels Behave?
AbstractMany governments wish to assess the quality of their universities. A prominent example is the UK’s new Research Excellence Framework (REF) 2014. In the REF, peer-review panels will be provided with information on publications and citations. This paper suggests a way in which panels could choose the weights to attach to these two indicators. The analysis draws in an intuitive way on the concept of Bayesian updating (where citations gradually reveal information about the initially imperfectly-observed importance of the research). Our study should not be interpreted as the argument that only mechanistic measures ought to be used in a REF. JEL classification: I23 ; C11 ; O30
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 University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 999.
Date of creation: 2012
Date of revision:
University evaluation ; RAE Research Assessment Exercise 2008 ; citations ; bibliometrics; REF 2014 (Research Excellence Framework) ; Bayesian methods.;
Other versions of this item:
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
This paper has been announced in the following NEP Reports:
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.:
- Benjamin Chiao & Josh Lerner & Jean Tirole, 2007.
"The rules of standard-setting organizations: an empirical analysis,"
RAND Journal of Economics,
RAND Corporation, vol. 38(4), pages 905-930, December.
- Chiao, Benjamin & Lerner, Josh & Tirole, Jean, 2006. "The Rules of Standard Setting Organizations: an Empirical Analysis," IDEI Working Papers 388, Institut d'Économie Industrielle (IDEI), Toulouse.
- Benjamin Chiao & Josh Lerner & Jean Tirole, 2005. "The Rules of Standard Setting Organizations: An Empirical Analysis," NBER Working Papers 11156, National Bureau of Economic Research, Inc.
- Chiao, Benjamin & Lerner, Josh & Tirole, Jean, 2007. "The Rules of Standard Setting Organizations: An Empirical Analysis," CEPR Discussion Papers 6141, C.E.P.R. Discussion Papers.
- Collier, Paul & Hoeffler, Anke, 2000.
"Greed and grievance in civil war,"
Policy Research Working Paper Series
2355, The World Bank.
- Gabrielle Demange, 2009.
"Sharing information in web communities,"
PSE Working Papers
- Goodall, Amanda H., 2009. "Highly cited leaders and the performance of research universities," Research Policy, Elsevier, vol. 38(7), pages 1079-1092, September.
- Frederic S. Lee, 2007. "The Research Assessment Exercise, the state and the dominance of mainstream economics in British universities," Cambridge Journal of Economics, Oxford University Press, vol. 31(2), pages 309-325, March.
- David Gill & Daniel Sgroi, 2011.
"The Optimal Choice of Pre-Launch Reviewer,"
Economics Series Working Papers
562, University of Oxford, Department of Economics.
- Gill, David & Sgroi, Daniel, 2010. "The optimal choice of pre-launch reviewer," Discussion Paper Series In Economics And Econometrics 1017, Economics Division, School of Social Sciences, University of Southampton.
- 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).
- 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, 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," The Warwick Economics Research Paper Series (TWERPS) 744, University of Warwick, Department of Economics.
- Paul Dolan & Daniel Kahneman, 2008. "Interpretations Of Utility And Their Implications For The Valuation Of Health," Economic Journal, Royal Economic Society, vol. 118(525), pages 215-234, 01.
- Sofronis Clerides & Panos Pashardes & Alexandros Polycarpou, 2011.
"Peer Review vs Metric‐based Assessment: Testing for Bias in the RAE Ratings of UK Economics Departments,"
London School of Economics and Political Science, vol. 78(311), pages 565-583, 07.
- Sofronis Clerides & Panos Pashardes & Alexandros Polycarpou, 2006. "Peer Review vs Metric-Based Assessment: Testing for Bias in the RAE Ratings of UK Economics Departments," University of Cyprus Working Papers in Economics 7-2006, University of Cyprus Department of Economics.
- Emmanuel Farhi & Josh Lerner & Jean Tirole, 2005. "Certifying New Technologies," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 734-744, 04/05.
- Sgroi, D., 2000.
"Optimizing Information in the Herd: Guinea Pigs, Profit and Welfare,"
2000-w14, Economics Group, Nuffield College, University of Oxford.
- Sgroi, Daniel, 2002. "Optimizing Information in the Herd: Guinea Pigs, Profits, and Welfare," Games and Economic Behavior, Elsevier, vol. 39(1), pages 137-166, April.
- Gill, David & Sgroi, Daniel, 2008.
"Sequential decisions with tests,"
Games and Economic Behavior,
Elsevier, vol. 63(2), pages 663-678, July.
- Oswald, Andrew J., 2009. "A Suggested Method for the Measurement of World-Leading Research (Illustrated with Data on Economics)," IZA Discussion Papers 4313, Institute for the Study of Labor (IZA).
- JamesR. Lothian & MarkP. Taylor, 2008.
"Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?,"
Royal Economic Society, vol. 118(532), pages 1742-1763, October.
- Lothian, James R. & Taylor, Mark P., 2006. "Real Exchange Rates Over the Past Two Centuries : How Important is the Harrod-Balassa-Samuelson Effect?," The Warwick Economics Research Paper Series (TWERPS) 768, University of Warwick, Department of Economics.
- Daniel S. Hamermesh & Gerard A. Pfann, 2012. "Reputation And Earnings: The Roles Of Quality And Quantity In Academe," Economic Inquiry, Western Economic Association International, vol. 50(1), pages 1-16, 01.
- Taylor, Curtis R, 1999. "Time-on-the-Market as a Sign of Quality," Review of Economic Studies, Wiley Blackwell, vol. 66(3), pages 555-78, July.
- Bertocchi, Graziella & Gambardella, Alfonso & Jappelli, Tullio & Nappi, Carmela A. & Peracchi, Franco, 2013.
"Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy,"
IZA Discussion Papers
7739, Institute for the Study of Labor (IZA).
- Graziella Bertocchi & Alfonso Gambardella & Tullio Jappelli & Carmela A. Nappi & Franco Peracchi, 2013. "Bibliometric Evaluation vs. Informed Peer Review: Evidence from Italy," CSEF Working Papers 344, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Neal).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.