Abstract
Research on the academic review process may help to improve research productivity. The article presents a model of the review process in a top journal, in which authors know their paper's quality whereas referees obtain a noisy signal about quality. Increased signal noisiness, lower submission costs and more published papers all reduce the average quality of published papers in the journal. The model allows analyzing how the submission cost, the accuracy of referees and the number of published papers affect additional equilibrium characteristics. Implications of the model for journal policies are also discussed.
| Original language | English |
|---|---|
| Pages (from-to) | 865-889 |
| Number of pages | 25 |
| Journal | B.E. Journal of Economic Analysis and Policy |
| Volume | 15 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Apr 2015 |
Keywords
- Academic publishing
- Academic review process
- Journals
- Publication process
- Refereeing
ASJC Scopus subject areas
- Economics and Econometrics
- Economics, Econometrics and Finance (miscellaneous)