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The Measurement of Intellectual Influence: the Views of a Sceptic

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Abstract

In an extremely interesting paper, Palacios-Huerta and Volij (2004) [PV] introduce the axiomatic method to the problem of how to rank academic journals on the basis of their mutual citations. They characterize the invariant method as the only one satisfying a list of five appealing properties. In this note, I show an impossibility result, by identifying a sixth property that is violated by the invariant method. Further, I question the appeal of the PV axioms, when applied over larger domains of problems that take into account making distinctions among types of citations.
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Suggested Citation

  • Roberto Serrano, 2004. "The Measurement of Intellectual Influence: the Views of a Sceptic," Working Papers 2004-02, Brown University, Department of Economics.
    • Handle: RePEc:bro:econwp:2004-02
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    1. Roberto Serrano, 2004. "The Measurement of Intellectual Influence: the Views of a Sceptic," Economics Bulletin, AccessEcon, vol. 1(3), pages 1-6.
    2. Ignacio Palacios-Huerta & Oscar Volij, 2004. "The Measurement of Intellectual Influence," Econometrica, Econometric Society, vol. 72(3), pages 963-977, May.
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    Cited by:

    1. J. Atsu Amegashie, 2020. "Citations And Incentives In Academic Contests," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1233-1244, July.
    2. Klaus Ritzberger, 2008. "Eine invariante Bewertung wirtschaftswissenschaftlicher Fachzeitschriften," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(3), pages 267-285, August.
    3. Albers, Sönke, 2009. "Discriminating Rankings of Research in Business," EconStor Preprints 24827, ZBW - Leibniz Information Centre for Economics.
    4. Ritzberger Klaus, 2008. "A Ranking of Journals in Economics and Related Fields," German Economic Review, De Gruyter, vol. 9(4), pages 402-430, December.
    5. Albers, Sönke, 2008. "Three Failed Attempts of Joint Rankings of Research in Economics and Business," MPRA Paper 12868, University Library of Munich, Germany, revised 16 Jan 2009.
    6. Albers Sönke, 2009. "Misleading Rankings of Research in Business," German Economic Review, De Gruyter, vol. 10(3), pages 352-363, August.
    7. Carmen Herrero & Antonio Villar, 2013. "On the Comparison of Group Performance with Categorical Data," PLOS ONE, Public Library of Science, vol. 8(12), pages 1-7, December.
    8. Roberto Serrano, 2004. "The Measurement of Intellectual Influence: the Views of a Sceptic," Economics Bulletin, AccessEcon, vol. 1(3), pages 1-6.
    9. Ritzberger Klaus, 2009. "Misleading Rankings of Research in Business: A Reply," German Economic Review, De Gruyter, vol. 10(3), pages 364-367, August.
    10. repec:bla:germec:v:10:y:2009:i::p:364-367 is not listed on IDEAS

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    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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