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How Should Peer‐review Panels Behave?

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  • Daniel Sgroi
  • Andrew J. Oswald

Abstract

Many 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
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Daniel Sgroi & Andrew J. Oswald, 2013. "How Should Peer‐review Panels Behave?," Economic Journal, Royal Economic Society, vol. 0, pages 255-278, August.
  • Handle: RePEc:ecj:econjl:v::y:2013:i::p:f255-f278
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Bertocchi, Graziella & Gambardella, Alfonso & Jappelli, Tullio & Nappi, Carmela A. & Peracchi, Franco, 2015. "Bibliometric evaluation vs. informed peer review: Evidence from Italy," Research Policy, Elsevier, vol. 44(2), pages 451-466.
    2. Gianni De Fraja & Giovanni Facchini & John Gathergood, 2016. "How Much Is That Star in the Window? Professorial Salaries and Research Performance in UK Universities," Discussion Papers 2016-13, University of Nottingham, GEP.
    3. David L. Anderson & John Tressler, 2014. "Citation-Capture Rates by Economic Journals:Do they Differ from Other Disciplines and Does it Matter?," Working Papers in Economics 14/10, University of Waikato.
    4. repec:bla:ecinqu:v:55:y:2017:i:4:p:1945-1965 is not listed on IDEAS
    5. Oswald, Andrew J., 2015. "The Objective Measurement of World-Leading Research," IZA Discussion Papers 8829, Institute for the Study of Labor (IZA).
    6. Stephan B. Bruns & David I. Stern, 2016. "Research assessment using early citation information," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(2), pages 917-935, August.
    7. repec:esx:essedp:757 is not listed on IDEAS
    8. David L. Anderson & John Tressler, 2016. "Citation-Capture Rates for Economics Journals: Do they Differ from Other Disciplines and Does it Matter?," Economic Papers, The Economic Society of Australia, vol. 35(1), pages 73-85, March.
    9. R�gibeau, P & Rockett, K, 2014. "A Tale of Two Metrics: Research Assessment vs Recognised Excellence," Economics Discussion Papers 14461, University of Essex, Department of Economics.
    10. John Gibson & David L. Anderson & John Tressler, 2017. "Citations Or Journal Quality: Which Is Rewarded More In The Academic Labor Market?," Economic Inquiry, Western Economic Association International, vol. 55(4), pages 1945-1965, October.

    More about this item

    JEL classification:

    • 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, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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