Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/37221 
Year of Publication: 
2010
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Improving Productivity and Efficiency of Economic Science No. A2-V1
Publisher: 
Verein für Socialpolitik, Frankfurt a. M.
Abstract: 
We recommend that an auction market replace the current system for submitting academic papers and show a strict Pareto-improvement of equilibrium. Besides the benefits of speed, this mechanmism 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 nonpecuniary income indicates academic impact - facilitating decisions on tenure and promotion. We discuss practical issues and demonstrate that the auction market is implementable without relaxing editors' current pecuniary or time constraints.
Subjects: 
Academic Journals
Academic Productivity
Market Design
JEL: 
A11
D02
D44
Document Type: 
Conference Paper

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