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An Auction Market for Journal Articles
Jens Prufer TILEC and CentER, Department of Economics, Tilburg University David Zetland University of California, Berkeley - Department of Agricultural & Resource Economics May 22, 2009 CentER Discussion Paper No. 2007-79 TILEC Discussion Paper No. 2007-027 Abstract: We recommend that an auction market replace the current system for submitting academic papers and show a strict Pareto-improvement in equilibrium. Besides the benefit of speed, this mechanism increases the average quality of articles and journals and rewards editors and referees for their effort. The "academic dollar" proceeds from papers sold at auction go to authors, editors and referees of cited articles. This nonpecuniary income indicates the academic impact of an article - facilitating decisions on tenure and promotion. This auction market does not require more work of editors.
Keywords: Academic Journals, Academic Productivity, Market Design JEL Classifications: A11, D02, D44 Working Paper SeriesDate posted: February 18, 2005 ; Last revised: August 31, 2009Suggested CitationContact Information
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