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The Production Economics of The Economics Production

Author

Listed:
  • Yushan Hu

    (Boston College)

  • Ben Li

    () (Boston College)

Abstract

The arrival of the internet age forces academic journals to adjust their output margins: journal length, article length, and number of published articles. Using data from 41 major economics journals spanning 21 years (1994-2014), we find that both journals and articles are getting longer, but the page share of an individual article within its journal is shrinking. This pattern is consistent with a monopolistic competition model that features within-firm (journal) specialization. As predicted by the model, the share of an individual article shrinks less in general-interest journals and better ranked journals, where expertise is less substitutable across topics. In this discipline that emphasizes the benefits of specialization, the expertise underpinning its publications is indeed divided in a specialized fashion.

Suggested Citation

  • Yushan Hu & Ben Li, 2017. "The Production Economics of The Economics Production," Boston College Working Papers in Economics 924, Boston College Department of Economics.
  • Handle: RePEc:boc:bocoec:924
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    File URL: http://fmwww.bc.edu/EC-P/wp924.pdf
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    References listed on IDEAS

    as
    1. Chaney, Thomas & Ossa, Ralph, 2013. "Market size, division of labor, and firm productivity," Journal of International Economics, Elsevier, vol. 90(1), pages 177-180.
    2. Derek Leslie, 2005. "Are Delays in Academic Publishing Necessary?," American Economic Review, American Economic Association, vol. 95(1), pages 407-413, March.
    3. Keith Head & Yao Amber Li & Asier Minondo, 2019. "Geography, Ties, and Knowledge Flows: Evidence from Citations in Mathematics," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 713-727, October.
    4. Szenberg, Michael, editor & Ramrattan, Lall, editor, 2014. "Secrets of Economics Editors," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262525461.
    5. repec:tpr:restat:v:99:y:2017:i:1:p:32-39 is not listed on IDEAS
    6. Kristie M. Engemann & Howard J. Wall, 2009. "A journal ranking for the ambitious economist," Review, Federal Reserve Bank of St. Louis, issue may, pages 127-140.
    7. Carolin Haeussler & Henry Sauermann, 2016. "The Division of Labor in Teams: A Conceptual Framework and Application to Collaborations in Science," NBER Working Papers 22241, National Bureau of Economic Research, Inc.
    8. Wei Huang, 2015. "DO ABCs GET MORE CITATIONS THAN XYZs?," Economic Inquiry, Western Economic Association International, vol. 53(1), pages 773-789, January.
    9. Thomas N Hubbard & Luis Garicano, 2003. "Specialization, Firms, and Markets: The Division of Labor Within and Between Law Firms," Working Papers 03-13, Center for Economic Studies, U.S. Census Bureau.
    10. Daniel Feenberg & Ina Ganguli & Patrick Gaulé & Jonathan Gruber, 2017. "It’s Good to Be First: Order Bias in Reading and Citing NBER Working Papers," The Review of Economics and Statistics, MIT Press, vol. 99(1), pages 32-39, March.
    11. Brogaard, Jonathan & Engelberg, Joseph & Parsons, Christopher A., 2014. "Networks and productivity: Causal evidence from editor rotations," Journal of Financial Economics, Elsevier, vol. 111(1), pages 251-270.
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    Cited by:

    1. Henselmann, Klaus & Haller, Stefanie, 2017. "Potentielle Risikofaktoren für die Erhöhung der Betriebsprüfungswahrscheinlichkeit - Eine analytische und empirische Untersuchung auf Basis der E-Bilanz-Taxonomie 6.0 -," Working Papers in Accounting Valuation Auditing 2017-1, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Accounting and Auditing.

    More about this item

    Keywords

    Division of labor; history of economics; academic publishing;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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