Reproducibility Certification in Economics Research

Jean-Edouard Colliard, Christophe Hurlin and Christophe Pérignon ()
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Christophe Pérignon: HEC Paris

No 1345, HEC Research Papers Series from HEC Paris

Abstract: We investigate why economics displays a relatively low level of computational reproducibility. We first study the benefits and costs of reproducibility for readers, authors, and academic journals. Second, we show that the equilibrium level of reproducibility may be suboptimally low due to three market failures: a competitive bottleneck effect due to the competition between journals to attract authors, the public good dimension of reproducibility, and the positive externalities of reproducibility outside academia. Third, we discuss different policies to address these market failures and move out of a low reproducibility equilibrium. In particular, we show that coordination among journals could reduce by half the cost of verifying the reproducibility of accepted papers.

Keywords: research reproducibility; trust in science; peer-review process; confidential data (search for similar items in EconPapers)
JEL-codes: C80 C81 C88 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2019-07-12
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Related works:
Working Paper: Reproducibility Certification in Economics Research (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:heccah:1345

DOI: 10.2139/ssrn.3418896

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