An Auction Market for Journal Articles

J. Prüfer, D. Zetland

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Abstract

Economic articles are published very slowly. We believe this results mainly from the poor incentives referees face. We recommend that an auction market replace the current system for submitting papers and demonstrate a strict Pareto-improvement of equilibrium. Besides the benefits of speed, this mechanism increases the average quality of articles and journals and rewards editors and referees for their effort. In addition, the "academic dollars" for papers sold at auction go to the authors, editors and referees of cited articles. This income indicates academic productivity (facilitating decisions on tenure and promotion); its recirculation to journals further stimulates quality competition.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages32
Volume2007-79
Publication statusPublished - 2007

Publication series

NameCentER Discussion Paper
Volume2007-79

Keywords

  • Academic Journals
  • Academic Productivity
  • Market Design. JEL codes

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  • Cite this

    Prüfer, J., & Zetland, D. (2007). An Auction Market for Journal Articles. (CentER Discussion Paper; Vol. 2007-79). Microeconomics.