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An Auction Market for Journal ArticlesJens PruferTilburg University - CentER; Tilburg University - Law and Economics Center (TILEC); Tilburg University - Department of Organization & Strategy David ZetlandWageningen 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 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.
Number of Pages in PDF File: 25 Keywords: Academic Journals, Academic Productivity, Market Design JEL Classification: A11, D02, D44 working papers seriesDate posted: February 18, 2005 ; Last revised: November 1, 2010Suggested CitationContact Information
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