A Model of the Academic Review Process with Informed Authors

Ofer Azar

The B.E. Journal of Economic Analysis & Policy, 2015, vol. 15, issue 2, 865-889

Abstract: Research on the academic review process may help to improve research productivity. The article presents a model of the review process in a top journal, in which authors know their paper’s quality whereas referees obtain a noisy signal about quality. Increased signal noisiness, lower submission costs and more published papers all reduce the average quality of published papers in the journal. The model allows analyzing how the submission cost, the accuracy of referees and the number of published papers affect additional equilibrium characteristics. Implications of the model for journal policies are also discussed.

Keywords: academic review process; refereeing; journals; publication process; academic publishing (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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DOI: 10.1515/bejeap-2013-0177

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