The Measurement of Intellectual Influence: The Views of a Sceptic
Brown University Department of Economics Paper No. 2004-02
6 Pages Posted: 18 May 2005
Date Written: January 2004
Abstract
In an extremely interesting paper, Palacios-Huerta and Volij (2004) [PV] introduce the axiomatic method to the problem of how to rank academic journals on the basis of their mutual citations. They characterize the invariant method as the only one satisfying a list of five appealing properties. In this note, I show an impossibility result, by identifying a sixth property that is violated by the invariant method. Further, I question the appeal of the PV axioms, when applied over larger domains of problems that take into account making distinctions among types of citations.
Keywords: journal rankings, invariant method, impossibility result, axiomatic method
JEL Classification: A0
Suggested Citation: Suggested Citation
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