Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284157 
Year of Publication: 
2022
Series/Report no.: 
Cardiff Economics Working Papers No. E2022/14
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
Abstract: 
A peer review is used ubiquitously in hiring, promotional, and evaluation decisions, within academia and beyond. It is usually conducted to allocate limited resources, such as the budget of a funder or the pages of a journal. With limited capacity, a peer review may lead to negatively biased evaluations precisely because approving a peer's worthy project lowers the chance that a referee's own project will be approved. I show that limited capacity is inconsistent with a hypothesis that the decision-maker's policy is to stimulate efforts, and I discuss possible decision-maker motivations that could lead to a limited capacity policy.
Subjects: 
refereeing
peer review
JEL: 
C78
Document Type: 
Working Paper

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