Peer review versus citations – An analysis of best paper prizes
In this paper, I analyze the ‘best paper’ prizes given by economics and finance journals to the best article published in their journal in a given year. More specifically, I compare the citations received by best paper prize-winning papers to citations received by papers that are awarded runner up prizes and to citations received by non-winning papers. In this way, I evaluate to what extent evaluation outcomes based on peer review correspond to evaluation outcomes based on citation counts. The data show that the paper that gets the ‘best paper’ prize, is rarely the most cited paper; is, in a small majority of cases, cited more than the runner up papers and is, in most cases, cited more than the median paper. I also explore whether characteristics of the prizes or the papers correlate with this difference in outcomes between peer review and citation counts and find there is no easy way to reduce the difference in outcomes between these two evaluation methods
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.:
- Valerie Smeets & Frédèric warzynski & Tom Coupé, 2006. "Does the Academic Labor Market Initially Allocate New Graduates Efficiently?," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 161-172, Summer.
- 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, vol. 81(5), pages 1041-67, December.
- Broder, Ivy E, 1993. "Professional Achievements and Gender Differences among Academic Economists," Economic Inquiry, Western Economic Association International, vol. 31(1), pages 116-27, January.
- Daniel S. Hamermesh & Peter Schmidt, 2003. "The Determinants of Econometric Society Fellows Elections," Econometrica, Econometric Society, vol. 71(1), pages 399-407, January.
- Glenn Ellison, 2002.
"Evolving Standards for Academic Publishing: A q-r Theory,"
Journal of Political Economy,
University of Chicago Press, vol. 110(5), pages 994-1034, October.
- Glenn Ellison, 2000. "Evolving Standards for Academic Publishing: A q-r Theory," NBER Working Papers 7805, National Bureau of Economic Research, Inc.
- Joshua S. Gans & George B. Shepherd, 1994. "How Are the Mighty Fallen: Rejected Classic Articles by Leading Economists," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 165-179, Winter.
- Beggs, S. & Cardell, S. & Hausman, J., 1981. "Assessing the potential demand for electric cars," Journal of Econometrics, Elsevier, vol. 17(1), pages 1-19, September.
When requesting a correction, please mention this item's handle: RePEc:eee:respol:v:42:y:2013:i:1:p:295-301. 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: (Zhang, Lei)
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.