Scientific Prizes And Post-Award Attention: Evidence From The Nobel Prize In Economics

47 Pages Posted: 28 May 2020 Last revised: 13 Jul 2020

See all articles by Mark J. McCabe

Mark J. McCabe

Boston University - Questrom School of Business; SKEMA Business School, Université Côte d’Azur (GREDEG), Sophia Antipolis, France

Zakaria Babutsidze

SKEMA Business School

Date Written: July 10, 2020

Abstract

We examine how prize announcements in economics influence the attention of insiders and outsiders to the field. Insiders pay greatest attention to consensus papers cited by the Nobel Prize Committee and written by past Clark Medal winners; outsiders focus more on consensus papers not written by Clark Medal awardees. In both cases, the entry of new citing authors accounts for most of the enhanced attention. We also consider the direct impact of the Clark Medal on citations and find effects comparable to those arising with the Nobel Prize. Our results imply that prizes enhance the leadership role of star scientists.

Keywords: Nobel Prize, Knowledge Diffusion, Citations, Panel Data

JEL Classification: A11, A12, O31, O33

Suggested Citation

McCabe, Mark J. and Babutsidze, Zakaria, Scientific Prizes And Post-Award Attention: Evidence From The Nobel Prize In Economics (July 10, 2020). Boston University Questrom School of Business Research Paper No. 3534922, Available at SSRN: https://ssrn.com/abstract=3534922 or http://dx.doi.org/10.2139/ssrn.3534922

Mark J. McCabe (Contact Author)

Boston University - Questrom School of Business ( email )

595 Commonwealth Avenue
Boston, MA MA 02215
United States

HOME PAGE: http://sites.google.com/site/markjmccabe1/home

SKEMA Business School, Université Côte d’Azur (GREDEG), Sophia Antipolis, France ( email )

60 rue Dostoïevski
SKEMA Business School, Economics Department
Sophia Antipolis, 06902
France

HOME PAGE: http://sites.google.com/site/markjmccabe1/home

Zakaria Babutsidze

SKEMA Business School ( email )

Lille
France

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