'Managing Demand' for Peer Reviews

10 Pages Posted: 2 Apr 2009

See all articles by Klaus Reiner Schenk-Hoppé

Klaus Reiner Schenk-Hoppé

University of Manchester - Department of Economics; Norwegian School of Economics (NHH) - Department of Finance

Date Written: April 2, 2009

Abstract

Symptoms identified, cause overlooked, treatment inappropriate. The UK Research Councils' peer review system is overwhelmed by the growing number of grant proposals. They finally have decided to addresses the problem by 'managing demand'. The UK's Engineering and Physical Sciences Research Council, leading the way, introduced new rules and regulations on April 1, 2009. Since the fix ignores that free peer reviews pose an externality and distort demand, the new policy is a joy only for research-led teaching: as an example of how the failure to follow simple economic insights leads to misguided regulation.

Keywords: Grant applications, peer review, costing, externality

JEL Classification: H40, D40

Suggested Citation

Schenk-Hoppé, Klaus Reiner, 'Managing Demand' for Peer Reviews (April 2, 2009). Available at SSRN: https://ssrn.com/abstract=1372133 or http://dx.doi.org/10.2139/ssrn.1372133

Klaus Reiner Schenk-Hoppé (Contact Author)

University of Manchester - Department of Economics ( email )

Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom

Norwegian School of Economics (NHH) - Department of Finance ( email )

Helleveien 30
N-5045 Bergen
Norway

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