A theory of self-selection in a market with matching frictions: An application to delay in refereeing times in economics journals
A matching market with imperfect information is studied. With imperfect information, it is shown that friction in a meeting process can facilitate self-selection and thus may improve the matching outcome. As an application, the effect of delay in refereeing time on publication outcome is analyzed in a publication process in economics journals. Though the delay causes efficiency loss by postponing the dissemination of new research, it will better sort the papers to each journal by their qualities by preventing mediocre papers from being submitted to a prestigious journal and published by luck. If an assortative outcome (good papers in prestigious journals and mediocre papers in less prestigious journals) is efficient, the delay may actually improve the publication outcome. Other matching market examples are also discussed.
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.
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.:
- Alessandro Citanna & Archishman Chakraborty & Michael Ostrovsky, 2010.
"Two-sided matching with interdependent values,"
- repec:eme:ijsepp:v:31:y:2004:i:3:p:259-274 is not listed on IDEAS
- Azar, Ofer H., 2002.
"The slowdown in first-response times of economics journals: Can it be beneficial?,"
4478, University Library of Munich, Germany.
- Ofer H. Azar, 2007. "The Slowdown In First-Response Times Of Economics Journals: Can It Be Beneficial?," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 179-187, 01.
- Yohe, Gary W, 1980. "Current Publication Lags in Economics Journals," Journal of Economic Literature, American Economic Association, vol. 18(3), pages 1050-1055, September.
- Chade, Hector, 2006. "Matching with noise and the acceptance curse," Journal of Economic Theory, Elsevier, vol. 129(1), pages 81-113, July.
- James D. Montgomery, 1991. "Equilibrium Wage Dispersion and Interindustry Wage Differentials," The Quarterly Journal of Economics, Oxford University Press, vol. 106(1), pages 163-179.
- David N. Laband, 1990. "Is There Value-Added from the Review Process in Economics?: Preliminary Evidence from Authors," The Quarterly Journal of Economics, Oxford University Press, vol. 105(2), pages 341-352.
- 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.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
- Ken Burdett & Melvyn G. Coles, 1997. "Marriage and Class," The Quarterly Journal of Economics, Oxford University Press, vol. 112(1), pages 141-168.
- Mark J. McCabe & Christopher M. Snyder, 2005. "Open Access and Academic Journal Quality," American Economic Review, American Economic Association, vol. 95(2), pages 453-459, May.
- Derek Leslie, 2005. "Are Delays in Academic Publishing Necessary?," American Economic Review, American Economic Association, vol. 95(1), pages 407-413, March.
- Trivedi, Pravin K, 1993. "An Analysis of Publication Lags in Econometrics," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 8(1), pages 93-100, Jan.-Marc.
When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:72:y:2009:i:1:p:344-360. 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: (Shamier, Wendy)
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.