We analyze a mean field tournament: a mean field game in which the agents receive rewards according to the ranking of the terminal value of their projects and are subject to cost of effort. Using Schrodinger bridges we are able to explicitly calculate the equilibrium. This allows us to identify...

The process by which scholarly papers are selected for publication in a journal is faced with serious problems. The referees rarely agree and often are biased. This paper discusses two alternative measures to evaluate scholars. The first alternative suggests input control. The second one...

The process by which scholarly papers are selected for publication in a journal is faced with serious problems. The referees rarely agree and often are biased. This paper discusses two alternative measures to evaluate scholars. The first alternative suggests input control. The second one...

We use the UK’s 2014 Research Excellence Framework (REF) to study the attributes of top-scoring (four-star) publications in Economics and Econometrics. Although official documents contain aggregate scores for each institution, we show how these aggregates can be used to infer the score awarded...