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; publication ; journals ; incentives ; economic methodology …Academic economists today are caught in a "Publication Impossibility Theorem Systemʺ or PITS. To further their careers … in such journals. Such academic competition is held to provide the right incentives for hard work, but there may be …
Persistent link: https://www.econbiz.de/10003820656
Academic economists today are caught in a quot;Publication Impossibility Theorem Systemquot; or PITS. To further their … careers, they are required to publish in A-journals, but for the vast majority this is impossible because there are few slots … open in such journals. Such academic competition maybe useful to generate hard work, however, there may be serious negative …
Persistent link: https://www.econbiz.de/10012718793
Academic economists today are caught in a "Publication Impossibility Theorem System" or PITS. To further their careers … in such journals. Such academic competition is held to provide the right incentives for hard work, but there may be …, they are required to publish in A-journals, but this is impossible for the vast majority because there are few slots open …
Persistent link: https://www.econbiz.de/10013316386
Persistent link: https://www.econbiz.de/10003907645
Persistent link: https://www.econbiz.de/10003873763
This paper analyzes intertemporal effort provision in two-stage tournaments. A principal with a fixed budget for prizes faces two risk-neutral agents. He observes noisy signals of effort in both periods. His goal is to maximize either total efforts (perfect substitutes) or the product of first-...
Persistent link: https://www.econbiz.de/10010338948
This paper analyzes two-stage rank-order tournaments. A principal decides (i) how to spread prize money across the two periods, (ii) how to weigh performance in the two periods when awarding the second-period prize, and (iii) whether to reveal performance after the first period. The information...
Persistent link: https://www.econbiz.de/10013046315
A ranking of journals is manipulable if a particular journal's position can be improved by making additional citations … to other journals. We introduce a simple ranking method that is not manipulable and is invariant to citation intensities …, journal scaling and article-splitting. The ranking of economics journals is presented and is compared to rankings by …
Persistent link: https://www.econbiz.de/10008668738
This paper considers the optimal design of dynamic research contests when the buyer can set time-dependent prizes. We derive the buyer-optimal contest and show that it entails an increasing prize schedule. Remarkably, this allows the buyer to implement a global stopping rule. In particular, the...
Persistent link: https://www.econbiz.de/10011538596
Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2,775 contestants in 755 software algorithm development contests with random assignment. The performance response to added contestants varies non-monotonically across contestants of...
Persistent link: https://www.econbiz.de/10010192352