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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 Series

Date posted: February 18, 2005 ; Last revised: August 31, 2009

Suggested Citation

Prufer, Jens and Zetland, David, An Auction Market for Journal Articles (May 22, 2009). CentER Discussion Paper No. 2007-79; TILEC Discussion Paper No. 2007-027. Available at SSRN: http://ssrn.com/abstract=1005304

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Contact Information

David Zetland (Contact Author) University of California, Berkeley - Department of Agricultural & Resource Economics ( email ) Giannini 210 Berkeley, CA 94720-3310 United States
Jens Prufer TILEC and CentER, Department of Economics, Tilburg University ( email ) Warandelaan 2 NL-5000 LE Tilburg 5000 LE Netherlands

Abstract

References (44)

Date posted: February 18, 2005 ; Last revised: August 31, 2009

Suggested Citation

Contact Information

David Zetland (Contact Author)

Jens Prufer