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Do the Best Scholars and Economists Attract the Highest Speaking Fees?

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  • Ho Fai Chan
  • Bruno S. Frey
  • Jana Gallus
  • Markus Schaffner
  • Benno Torgler
  • Stephen Whyte

Abstract

External prominence (measured by the number of pages indexed on search engines or TED talk invitations) can be capitalized on the speakers' market while research performance (measured by publication and citation indicators) cannot. There is thus a clear distinction between the capitalization of external and internal prominence. Success through authorship of books is also positively correlated with speaking fees, however once we control for external prominence the statistical significance disappears. We find that academics profit from having been awarded a major book prize.

Suggested Citation

  • Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2013. "Do the Best Scholars and Economists Attract the Highest Speaking Fees?," CREMA Working Paper Series 2013-18, Center for Research in Economics, Management and the Arts (CREMA).
    • Handle: RePEc:cra:wpaper:2013-18
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    References listed on IDEAS

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    1. Gerald Hosp & Klaus Schweinsberg, 2006. "Für eine Handvoll Euros: Der Markt für Vorträge zur Bewertung des Einflusses der Volkswirtschaftslehre," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(4), pages 459-469, November.
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    Cited by:

    1. Follert, Florian & Naumann, Chantal & Thieme, Lutz, 2020. "Between scientific publication and public perception: Some economic remarks on the allocation of time in science," Working Papers of the European Institute for Socioeconomics 34, European Institute for Socioeconomics (EIS), Saarbrücken.

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    1. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2014. "Do the best scholars attract the highest speaking fees? An exploration of internal and external influence," Scientometrics, Springer;Akadémiai Kiadó, vol. 101(1), pages 793-817, October.

    More about this item

    Keywords

    Academic Performance; Scholarly Importance; Market for Economists; Social Importance of Economists; External and Internal Influence; Book Prizes; TED Talks;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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