Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30678
Authors: 
Osterloh, Margit
Frey, Bruno S.
Year of Publication: 
2009
Series/Report no.: 
CESifo Working Paper 2797
Abstract: 
Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective. As scholarly research is a mainly curiosity driven endeavor, we include intrinsic motivation and supportive feedback by the peers as important determinants of scholarly behavior. We discuss whether a stronger emphasis on selection and socialization offers an alternative to the present regime of academic rankings.
Subjects: 
peer reviews
rankings
research governance
agency theory
psychological economics
new public management
economics of science
control theory
JEL: 
O00
Document Type: 
Working Paper

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