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Economists in the PITS?

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Author Info
Bruno S. Frey ()

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Abstract

Academic economists today are caught in a “Publication Impossibility Theorem System” or PITS. To further their careers, they are required to publish in A-journals, but this is impossible for the vast majority because there are few slots open in such journals. Such academic competition is held to provide the right incentives for hard work, but there may be serious negative consequences: the wrong output may be produced in an inefficient way, the wrong people may be selected, and the losers may react in a harmful way. The paper suggests several ways for improvement.

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Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number CESifo Working Paper No. 2594.

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Date of creation: 2009
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Handle: RePEc:ces:ceswps:_2594

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Related research
Keywords: academia; economists; publication; journals; incentives; economic methodology;

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Find related papers by JEL classification:
A10 - General Economics and Teaching - - General Economics - - - General
D02 - Microeconomics - - General - - - Institutions: Design, Formation, and Operations
I23 - Health, Education, and Welfare - - Education - - - Higher Education Research Institutions

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Edward P. Lazear & Sherwin Rosen, 1981. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March. [Downloadable!] (restricted)
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This page was last updated on 2009-11-3.

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