Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80118
Authors: 
Serrano, Roberto
Year of Publication: 
2004
Series/Report no.: 
Working Paper, Brown University, Department of Economics 2004-02
Abstract: 
In an extremely interesting paper, Palacios-Huerta and Volij (2004) [PV] introduce the axiomatic method to the problem of how to rank academic journals on the basis of their mutual citations. They characterize the invariant method as the only one satisfying a list of five appealing properties. In this note, I show an impossibility result, by identifying a sixth property that is violated by the invariant method. Further, I question the appeal of the PV axioms, when applied over larger domains of problems that take into account making distinctions among types of citations.
Subjects: 
journal rankings
invariant method
impossibility result
axiomatic method
JEL: 
A0
Document Type: 
Working Paper

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