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The Economics of Citation

Author

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  • Jeong-Yoo Kim

    (Kyun Hee University)

  • Insik Min

    (Kyun Hee University)

  • Christian Zimmermann

    (University of Connecticut)

Abstract

In this paper, we study the citation decision of a scientific author. By citing a related work, authors can make their arguments more persuasive. We call this the correlation effect. But if authors cite other work, they may give the impression that they think the cited work is more competent than theirs. We call this the reputation effect. These two effects may be the main sources of citation bias. We empirically show that there is a citation bias in Economics by using data from RePEc. We also report how the citation bias differs across regions (U.S., Europe and Asia).

Suggested Citation

  • Jeong-Yoo Kim & Insik Min & Christian Zimmermann, 2007. "The Economics of Citation," Working papers 2007-31, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2007-31
    Note: This research was begun when the first author was visiting ISER, Osaka University in the winter of 2005. We are grateful to seminar audiences at the University of Connecticut and participants in the applied microeconomics workshop held at Korea Foundation of Advanced Studies for helpful comments.
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    References listed on IDEAS

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    1. Jerry R. Green & Suzanne Scotchmer, 1995. "On the Division of Profit in Sequential Innovation," RAND Journal of Economics, The RAND Corporation, vol. 26(1), pages 20-33, Spring.
    2. Christian Zimmermann, 2013. "Academic Rankings with RePEc," Econometrics, MDPI, vol. 1(3), pages 1-32, December.
    3. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October.
    4. Trueman, Brett, 1994. "Analyst Forecasts and Herding Behavior," The Review of Financial Studies, Society for Financial Studies, vol. 7(1), pages 97-124.
    5. Peter Senn, 2005. "Influence and the Referee Process," European Journal of Law and Economics, Springer, vol. 19(2), pages 199-206, April.
    6. Stigler, George J & Friedland, Claire, 1975. "The Citation Practices of Doctorates in Economics," Journal of Political Economy, University of Chicago Press, vol. 83(3), pages 477-507, June.
    7. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(3), pages 797-817.
    8. Jeong‐Yoo Kim & Jinho Park, 2006. "On Prejudice," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(4), pages 505-522, September.
    9. Wright, Malcolm & Armstrong, J. Scott, 2007. "Verification of Citations: Fawlty Towers of Knowledge?," MPRA Paper 4149, University Library of Munich, Germany.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Economics of Citation
      by Amol Agrawal in Mostly Economics on 2008-08-25 17:22:53

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    Cited by:

    1. Arye L. Hillman & Ngo Van Long, 2017. "Rent Seeking: The Social Cost of Contestable Benefits," CESifo Working Paper Series 6462, CESifo.
    2. David L. Anderson & John Tressler, 2017. "Researcher rank stability across alternative output measurement schemes in the context of a time limited research evaluation: the New Zealand case," Applied Economics, Taylor & Francis Journals, vol. 49(45), pages 4542-4553, September.
    3. Arye L. Hillman & Heinrich W. Ursprung, 2016. "Academic exclusion: some experiences," Public Choice, Springer, vol. 167(1), pages 1-20, April.
    4. David L. Anderson & John Tressler, 2013. "The Relevance of the “h-” and “g-” Index to Economics in the Context of A Nation-Wide Research Evaluation Scheme: The New Zealand Case," Economic Papers, The Economic Society of Australia, vol. 32(1), pages 81-94, March.
    5. Shi Young Lee & Sanghack Lee & Sung Hee Jun, 2010. "Author and article characteristics, journal quality and citation in economic research," Applied Economics Letters, Taylor & Francis Journals, vol. 17(17), pages 1697-1701.
    6. François Larmande & Jean-Pierre Ponssard, 2004. "EVA and the Controllability-congruence Trade-off: An Empirical Investigation," CESifo Working Paper Series 1257, CESifo.
    7. Tol, Richard S.J., 2013. "The Matthew effect for cohorts of economists," Journal of Informetrics, Elsevier, vol. 7(2), pages 522-527.
    8. David Anderson & John Tressler, 2018. "The Impact of Citation Timing: A Framework and Examples," Review of Economics and Institutions, Università di Perugia, vol. 9(2).
    9. Arye Hillman & Ngo Van Long, 2017. "The social cost of contestable benefits," CIRANO Working Papers 2017s-11, CIRANO.
    10. Ferda, HALICIOGLU, 2014. "Research Ranking Place of Turkish Economists in the World," MPRA Paper 54058, University Library of Munich, Germany.

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    More about this item

    Keywords

    citation bias; correlation effect; reputation effect; signal; strategy; RePEc;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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