A model of the academic review process with informed authors

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

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 languageEnglish
Pages (from-to)865-889
Number of pages25
JournalB.E. Journal of Economic Analysis and Policy
Volume15
Issue number2
DOIs
StatePublished - 1 Apr 2015

Keywords

  • Academic publishing
  • Academic review process
  • Journals
  • Publication process
  • Refereeing

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