期刊名称：Discussion Papers in Economics / Manchester Metropolitan University
出版年度：2004
卷号：2004
出版社：Manchester Metropolitan University
摘要：Concern has been expressed at the long delays (especially in economics) faced by authors who aim to publish in prestigious refereed academic journals. Time delays and the associated uncertainty are an important part of the cost of submitting to any top journal. A commonsense economic principle is that if costs increase, supply will fall. Thus time delays can be used as an implicit rationing device to save scarce editorial and refereeing resources. The submission process is seen as a signal extraction problem, where the statistical noise is the difference in opinion between the journal’s editors and an author’s own view. It is shown how submission costs can ration the supply of submissions and how it influences the quality of submissions depending on the signal to noise ratio and where authors may have rational expectations in estimating their chances of acceptance. An alternative rationing system, which would speed up the decision process, is explored.
关键词：academic journals; delays; efficiency; signal extraction
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