nep-sog New Economics Papers
on Sociology of Economics
Issue of 2021‒09‒13
two papers chosen by
Jonas Holmström
Axventure AB

  1. Auctions and Prediction Markets for Scientific Peer Review By Siddarth Srinivasan; Jamie Morgenstern
  2. Socio-economic effects and the value of open data: A case from Sweden By Apanasevic, Tatjana

  1. By: Siddarth Srinivasan; Jamie Morgenstern
    Abstract: Peer reviewed publications are considered the gold standard in certifying and disseminating ideas that a research community considers valuable. However, we identify two major drawbacks of the current system: (1) the overwhelming demand for reviewers due to a large volume of submissions, and (2) the lack of incentives for reviewers to participate and expend the necessary effort to provide high-quality reviews. In this work, we adopt a mechanism-design approach to propose improvements to the peer review process. We present a two-stage mechanism which ties together the paper submission and review process, simultaneously incentivizing high-quality reviews and high-quality submissions. In the first stage, authors participate in a VCG auction for review slots by submitting their papers along with a bid that represents their expected value for having their paper reviewed. For the second stage, we propose a novel prediction market-style mechanism (H-DIPP) building on recent work in the information elicitation literature, which incentivizes participating reviewers to provide honest and effortful reviews. The revenue raised by the Stage I auction is used in Stage II to pay reviewers based on the quality of their reviews.
    Date: 2021–08
  2. By: Apanasevic, Tatjana
    Abstract: amounts of data which could provide many potential benefits for society and national economies. One example of an important dataset is accounts payable providing information about purchases and expenditures of the governmental sector. Academic research in the area of open data is rather new and fragmented. There is a gap in understanding socio-economic impact of open government data ex post at organisational level. This research aims to understand what kind of socio-economic impact a municipality gains by publishing accounts payable as open data, and how municipalities perceive the major benefits, challenges and risks related to open publishing of this dataset. For analysis, we use the example of Swedish municipalities that are already publishing or preparing to publish accounts payable dataset as open data. We discuss costs related to open data initiative, and benefits related to open publishing of analysed dataset. We also provide more insights into benefits and challenges perceived by municipalities in relation to open publishing of accounts payable.
    Keywords: open data,open government data,municipality,socio-economic analysis,accounts payable
    Date: 2021

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