The Economics of Research Reproducibility

51 Pages Posted: 12 Jul 2019 Last revised: 27 Dec 2021

See all articles by Jean-Edouard Colliard

Jean-Edouard Colliard

HEC Paris - Finance Department

Christophe Hurlin

University of Orleans

Christophe Pérignon

HEC Paris - Finance Department

Date Written: December 23, 2021

Abstract

We investigate why economics displays a relatively low level of research reproducibility. We first study the benefits and costs of reproducibility for readers (demand side) and authors (supply side), as well as the role of academic journals in matching both sides. Second, we prove that competition between journals to attract authors can lead to a suboptimally low level of reproducibility. Third, we show how to optimize the costs of reproducibility and estimate that reaching the highest level of reproducibility could cost USD 365 per paper. Finally, we discuss how leading journals can move economics out of a low-reproducibility equilibrium.

Keywords: data availability policy, open science, confidential data, replicability

JEL Classification: C80, C81, C88

Suggested Citation

Colliard, Jean-Edouard and Hurlin, Christophe and Pérignon, Christophe, The Economics of Research Reproducibility (December 23, 2021). HEC Paris Research Paper No. FIN-2019-1345, Available at SSRN: https://ssrn.com/abstract=3418896 or http://dx.doi.org/10.2139/ssrn.3418896

Jean-Edouard Colliard

HEC Paris - Finance Department ( email )

France

Christophe Hurlin

University of Orleans ( email )

Université d'Orléans
Rue de Blois B.P. 6739 45
France

Christophe Pérignon (Contact Author)

HEC Paris - Finance Department ( email )

1 rue de la Liberation
Jouy-en-Josas Cedex, 78351
France

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
220
Abstract Views
1,351
rank
196,572
PlumX Metrics