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Does Academic Publishing Pass the Real Market Test?

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  • Mark Thornton

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Abstract

The academic market test is dissected here into its component decision-making processes to establish a basis for comparing the commercial market test that we know, with the one we seek to pass in academia. Important differences between the two markets exist, but the market test for academic publishing does pass muster and may surpass that of the commercial market. This provides an analytical foundation for resolving issues of professional debate concerning who passes the academic market test.

Suggested Citation

  • Mark Thornton, 2004. "Does Academic Publishing Pass the Real Market Test?," Public Choice, Springer, vol. 120(1_2), pages 41-61, July.
  • Handle: RePEc:kap:pubcho:v:120:y:2004:i:1_2:p:41-61
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    References listed on IDEAS

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    1. Nelson, Phillip, 1976. "Political Information," Journal of Law and Economics, University of Chicago Press, vol. 19(2), pages 315-336, August.
    2. Robert B. Ekelund & Franklin G. Mixon & Rand W. Ressler, 1995. "Advertising and information: an empirical study of search, experience and credence goods," Journal of Economic Studies, Emerald Group Publishing, vol. 22(2), pages 33-43, May.
    3. Franklin G. Mixon Jr. & Rand W. Ressler & M. Troy Gibson, 2003. "Congressional Memberships as Political Advertising: Evidence from the U.S. Senate," Southern Economic Journal, Southern Economic Association, vol. 70(2), pages 414-424, October.
    4. Nelson, Phillip, 1970. "Information and Consumer Behavior," Journal of Political Economy, University of Chicago Press, vol. 78(2), pages 311-329, March-Apr.
    5. Austen-Smith, David & Banks, Jeffrey S., 2002. "Costly signaling and cheap talk in models of political influence," European Journal of Political Economy, Elsevier, vol. 18(2), pages 263-280, June.
    6. Ferguson, James M, 1976. "Political Information: Comment," Journal of Law and Economics, University of Chicago Press, vol. 19(2), pages 341-346, August.
    7. Stratmann, Thomas, 1992. "Are Contributions Rational? Untangling Strategies of Political Action Committees," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 647-664, June.
    8. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, Oxford University Press, vol. 87(3), pages 355-374.
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    Cited by:

    1. Steven M. Shugan, 2007. "The Editor's Secrets," Marketing Science, INFORMS, vol. 26(5), pages 589-595, 09-10.
    2. Moizer, Peter, 2009. "Publishing in accounting journals: A fair game?," Accounting, Organizations and Society, Elsevier, vol. 34(2), pages 285-304, February.
    3. Rex J. Pjesky & Daniel Sutter, 2011. "Does the Lack of a Profit Motive Affect Hiring in Academe? Evidence from the Market for Lawyers," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(4), pages 1053-1084, October.
    4. Langbein, Laura, 2008. "Management by results: Student evaluation of faculty teaching and the mis-measurement of performance," Economics of Education Review, Elsevier, vol. 27(4), pages 417-428, August.

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