Can Incentives for Research Harm Research? A Business Schools Tale
The 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, 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.
|Date of creation:||Feb 2006|
|Date of revision:|
|Contact details of provider:|| Postal: ESSEC Research Center, BP 105, 95021 Cergy, France|
Web page: http://www.essec.edu/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
- Mark J. McCabe & Christopher M. Snyder, 2005. "Open Access and Academic Journal Quality," American Economic Review, American Economic Association, vol. 95(2), pages 453-459, May.
- Glenn Ellison, 2002.
"Evolving Standards for Academic Publishing: A q-r Theory,"
Journal of Political Economy,
University of Chicago Press, vol. 110(5), pages 994-1034, October.
- Glenn Ellison, 2000. "Evolving Standards for Academic Publishing: A q-r Theory," NBER Working Papers 7805, National Bureau of Economic Research, Inc.
- Oswald, Andrew J., 2006.
"An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers,"
The Warwick Economics Research Paper Series (TWERPS)
744, University of Warwick, Department of Economics.
- Andrew J. Oswald, 2007. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-Makers," Economica, London School of Economics and Political Science, vol. 74(293), pages 21-31, 02.
- Oswald, Andrew J., 2006. "An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers," IZA Discussion Papers 2070, Institute for the Study of Labor (IZA).
- Azar, Ofer H., 2002.
"The slowdown in first-response times of economics journals: Can it be beneficial?,"
4478, University Library of Munich, Germany.
- Ofer H. Azar, 2007. "The Slowdown In First-Response Times Of Economics Journals: Can It Be Beneficial?," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 179-187, 01.
- Faria, Joao Ricardo, 2005. "Is there a trade-off between domestic and international publications?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(2), pages 269-280, March.
- Daniel S. Hamermesh, 1994. "Facts and Myths about Refereeing," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 153-163, Winter.
- Ofer H. Azar, 2005.
"The Review Process in Economics: Is it Too Fast?,"
General Economics and Teaching
- Stigler, George J & Stigler, Stephen M & Friedland, Claire, 1995. "The Journals of Economics," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 331-59, April.
- Engers, Maxim & Gans, Joshua S, 1998. "Why Referees Are Not Paid (Enough)," American Economic Review, American Economic Association, vol. 88(5), pages 1341-49, December.
- Henderson, Glenn Jr. & Ganesh, Gopala K. & Chandy, P. R., 1990. "Across-discipline journal awareness and evaluation: Implications for the promotion and tenure process," Journal of Economics and Business, Elsevier, vol. 42(4), pages 325-351, November.
- Steve Swidler & Elizabeth Goldreyer, 1998. "The Value of a Finance Journal Publication," Journal of Finance, American Finance Association, vol. 53(1), pages 351-363, 02.
- Christiana E. Hilmer & Michael J. Hilmer, 2005. "How Do Journal Quality, Co-Authorship, and Author Order Affect Agricultural Economists' Salaries?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(2), pages 509-523.
- Anne-Wil Harzing, 2005. "Australian Research Output in Economics and Business: High Volume, Low Impact?," Australian Journal of Management, Australian School of Business, vol. 30(2), pages 183-200, December.
- Faria, Joao Ricardo, 2002. "Scientific, business and political networks in academia," Research in Economics, Elsevier, vol. 56(2), pages 187-198, June.
- Joao Ricardo Faria, 2000. "The Game Academics Play: Editors Versus Authors," Working Paper Series 105, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
- Glenn Ellison, 2000.
"The Slowdown of the Economics Publishing Process,"
NBER Working Papers
7804, National Bureau of Economic Research, Inc.
- Hodgson, Geoffrey M & Rothman, Harry, 1999. "The Editors and Authors of Economics Journals: A Case of Institutional Oligopoly?," Economic Journal, Royal Economic Society, vol. 109(453), pages F165-86, February.
- Tom Coupé, 2004. "What Do We Know about Ourselves? on the Economics of Economics," Kyklos, Wiley Blackwell, vol. 57(2), pages 197-215, 05.
When requesting a correction, please mention this item's handle: RePEc:ebg:essewp:dr-06003. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sophie Magnanou)
If references are entirely missing, you can add them using this form.