The Game Academics Play: Comment

Abstract

A recent paper by Faria (Bulletin of Economic Research, 57 (2005), pp. 1-12) deals with the interplay between editors and authors. This research is a welcome addition to the literature on formal analyses of academic markets. This note points out a potential discrepancy in Faria's derivation of the equilibrium journal quality and clarifies the conditions under which journal quality responds to changes in editor's impatience and in author's impatience. Specifically, the effect of a change in author's impatience on journal quality is shown to be not unambiguous. Some implications of these findings are discussed.