How Should Peer‐review Panels Behave?
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.)
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): (2013)
Issue (Month): (08)
|Contact details of provider:|| Postal: Office of the Secretary-General, Rm E35, The Bute Building, Westburn Lane, St Andrews, KY16 9TS, UK|
Phone: +44 1334 462479
Web page: http://www.res.org.uk/
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133|
References listed on IDEAS
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.:
- 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.
- Sgroi, D., 2000. "Optimizing Information in the Herd: Guinea Pigs, Profit and Welfare," Economics Papers 2000-w14, Economics Group, Nuffield College, University of Oxford.
- 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.
- 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.
- 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.
- 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.
- Curtis R. Taylor, 1999. "Time-on-the-Market as a Sign of Quality," Review of Economic Studies, Oxford University Press, vol. 66(3), pages 555-578.
- Goodall, Amanda H., 2009. "Highly cited leaders and the performance of research universities," Research Policy, Elsevier, vol. 38(7), pages 1079-1092, September.
- Franceschet, Massimo & Costantini, Antonio, 2011. "The first Italian research assessment exercise: A bibliometric perspective," Journal of Informetrics, Elsevier, vol. 5(2), pages 275-291.
- 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," The Warwick Economics Research Paper Series (TWERPS) 744, University of Warwick, Department of Economics.
- 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).
- Gill, David & Sgroi, Daniel, 2012.
"The optimal choice of pre-launch reviewer,"
Journal of Economic Theory,
Elsevier, vol. 147(3), pages 1247-1260.
- 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.
- David Gill & Daniel Sgroi, 2011. "The Optimal Choice of Pre-Launch Reviewer," Economics Series Working Papers 562, University of Oxford, 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.
- 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.
- 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.
- JamesR. Lothian & MarkP. Taylor, 2008. "Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?," Economic Journal, Royal Economic Society, vol. 118(532), pages 1742-1763, October.
- Collier, Paul & Hoeffler, Anke, 2000.
"Greed and grievance in civil war,"
Policy Research Working Paper Series
2355, The World Bank.
- 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.
- Gabrielle Demange, 2009.
"Sharing information in web communities,"
PSE Working Papers
- 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).
- 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.
- David Gill & Daniel Sgroi, 2005.
"Sequential Decisions with Tests,"
Economics Series Working Papers
242, University of Oxford, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v::y:2013:i::p:f255-f278. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
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.