An Auction Market for Journal Articles
Tilburg University - CentER; Tilburg University - Law and Economics Center (TILEC); Tilburg University - Department of Organization & Strategy
Wageningen UR - Environmental Economics and Natural Resources Group; PERC - Property and Environment Research Center
May 22, 2009
CentER Discussion Paper No. 2007-79
TILEC Discussion Paper No. 2007-027
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.
Number of Pages in PDF File: 25
Keywords: Academic Journals, Academic Productivity, Market Design
JEL Classification: A11, D02, D44working papers series
Date posted: February 18, 2005 ; Last revised: November 1, 2010
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