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Can incentives for research harm research? A business schools' tale

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  • Besancenot, Damien
  • Vranceanu, Radu

Abstract

This paper develops a simple model of the market for academic publications in business and economics. The supply of papers is presented as the outcome of a game between researchers and schools' deans under imperfect information about the quality of a given paper. The demand for papers brings into the picture the editorial selection process. After defining the equilibrium of this market, the model allows us to study the consequences of more powerful incentives for publication in major journals. It turns out that too large bonuses, as implemented by business schools in the recent years, might bring about several unpleasant consequences, such as a drop in the quality of major journals, a decline in the number of top-tier publications realized by leading research institutions and a fall in the expected compensation of top researchers.

Suggested Citation

  • Besancenot, Damien & Vranceanu, Radu, 2008. "Can incentives for research harm research? A business schools' tale," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1248-1265, June.
  • Handle: RePEc:eee:soceco:v:37:y:2008:i:3:p:1248-1265
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    Citations

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    Cited by:

    1. Jellal, Mohamed & Faria, Joao & Elaoufi, Noureddine, 2012. "Endogenous dynamic academic research culture," MPRA Paper 38711, University Library of Munich, Germany.
    2. Damien Besancenot & Kim Huynh & Joao Faria, 2012. "Search and research: the influence of editorial boards on journals’ quality," Theory and Decision, Springer, vol. 73(4), pages 687-702, October.
    3. Damien Besancenot & Kim Huynh & Radu Vranceanu, 2011. "A Matching Model of the Academic Publication Market," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(4), pages 708-725, December.
    4. Damien Besancenot & Joao Faria & Kim Huynh, 2009. "Search and Research: The influence of editorial boards on journals' quality," Working Papers halshs-00370785, HAL.
    5. Besancenot, Damien & Faria, Joao Ricardo & Vranceanu, Radu, 2009. "Why business schools do so much research: A signaling explanation," Research Policy, Elsevier, vol. 38(7), pages 1093-1101, September.
    6. João Faria & Rajeev Goel, 2010. "Returns to networking in academia," Netnomics, Springer, vol. 11(2), pages 103-117, July.
    7. Damien Besancenot & Radu Vranceanu, 2017. "A model of scholarly publishing with hybrid academic journals," Theory and Decision, Springer, vol. 82(1), pages 131-150, January.
    8. João Ricardo Faria & Rajeev K. Goel, 2016. "Academic Publication Uncertainty and Publishing Behavior: A Game-Theoretic Perspective," CESifo Working Paper Series 6176, CESifo Group Munich.
    9. Damien Besancenot & Kim Huynh & Radu Vranceanu, 2009. "The ‘Read or Write’ Dilemma in Academic Production: A Transatlantic Perspective," The American Economist, Sage Publications, vol. 53(1), pages 75-84, March.
    10. Damien Besancenot & Kim Huynh & Radu Vranceanu, 2011. "A Matching Model of the Academic Publication Market," Working Papers halshs-00589186, HAL.
    11. repec:hal:journl:hal-00971541 is not listed on IDEAS
    12. Damien Besancenot & Radu Vranceanu, 2014. "A model of scholarly publishing with hybrid academic journals," Working Papers hal-00971541, HAL.
    13. repec:wsi:igtrxx:v:19:y:2017:i:01:n:s0219198916500109 is not listed on IDEAS
    14. Damien Besancenot & Joao Faria & Radu Vranceanu, 2008. "Why Business Schools Do So Much Research: A Signaling Explanation," Working Papers halshs-00241259, HAL.
    15. Besancenot Damien & Faria João R. & Huynh Kim V., 2014. "Congestion of Academic Journals Under Papers’ Imperfect Selection," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 14(3), pages 1145-1167, July.
    16. Besancenot, Damien & Faria, João Ricardo, 2010. "Good research and bad teaching? A business school tale," Research in Economics, Elsevier, vol. 64(2), pages 67-72, June.
    17. Azar Ofer H., 2015. "A Model of the Academic Review Process with Informed Authors," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(2), pages 865-889, April.
    18. Damien Besancenot & Joao Faria & Kim Huynh, 2009. "Congestion in academic journals under an impartial selection process," Working Papers halshs-00382585, HAL.
    19. Besancenot, Damien & Huynh, Kim & Vranceanu, Radu, 2006. "The "Read or Write" Dilemma in Academic Production: A European Perspective," ESSEC Working Papers DR 06021, ESSEC Research Center, ESSEC Business School.

    More about this item

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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