nep-sog New Economics Papers
on Sociology of Economics
Issue of 2011‒05‒14
two papers chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

  1. A Matching Model of the Academic Publication Market By Damien Besancenot; Kim Huynh; Radu Vranceanu
  2. Measuring the Value of Research: A Generational Accounting Approach By Robert Hofmeister

  1. By: Damien Besancenot (CEPN - Centre d'Economie de l'Université Paris Nord - Université Paris-Nord - Paris XIII - CNRS : UMR7234); Kim Huynh (L.E.M. - Laboratoire d'Economie Moderne - Université Paris 2); Radu Vranceanu (Economics Department - ESSEC Business School)
    Abstract: This paper provides a dynamic analysis of the market for academic publications. Given imperfect information about journals' editorial line, authors can sometimes target a wrong journal; in turn, the editor will desk-reject their paper. An equilibrium is de…ned as a situation where both editors and authors implement their optimal publication strategies, given the matching technology and the prevailing surplus sharing rule. The model can be solved for the equilibrium submission fee, desk rejection rate and ratio between the number of editors and the number of authors.
    Keywords: Academic journals, Desk-rejection, Publishing, Matching, Imperfect information.
    Date: 2011–04–28
  2. By: Robert Hofmeister (Department of Economics, University of Konstanz, Germany)
    Abstract: This paper proposes a generational accounting approach to valuating research. Based on the flow of scientific results, a value-added (VA) index is developed that can, in principle, be used to assign a monetary value to any research result and, by aggregation, on entire academic disciplines or sub-disciplines. The VA-index distributes the value of all applications that embody research to the works of research which the applications directly rely on, and further to the works of research of previous generations which the authors of the immediate reference sources have directly or indirectly made use of. The major contribution of the VA index is to provide a measure of the value of research that is comparable across academic disciplines. To illustrate how the generational accounting approach works, I present a VAbased journal rating and a rating of the most influential recent journal articles in the field of economics.
    Keywords: Research evaluation, research accounting, journal ranking, citations
    JEL: A13 A14 I23
    Date: 2011–05–02

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