A Market-Based System for Academic Peer Review
Improving the Peer Review Process: A Proposed Market System, by Paul Frijters (University of Queensland), and Benno Torgler
(Queensland University of Technology), in Discussion Paper No. 9894, April 2016, from IZA, The Institute for the Study of Labor.
"We therefore suggest a new system that is fast, efficient, reliable, fair, integrity preserving, and gaming resistant; namely, an open two-sided market of buyers and sellers of peer review services that
overcomes present shortcomings by using a sophisticated system of recursive quality indicators attached to both authors and peer reviewers. In such a system, authors would post their articles
on the peer review market as unreviewed manuscripts (with full disclosure of name and affiliation) and then decide on the number of credit points they are willing to offer to receive ratings on different aspects (e.g., “academic quality,” “methodological soundness,” “societal relevance,” “innovation,” “creativity”). They would also be able to specify a minimum level of reviewer quality for any of these aspects (i.e., a fee per unit of reviewer quality for each aspect to be rated). Newcomers to the system would start out with zero reviewer credit points, giving them two options for article review: to earn reviewer credit points from scratch or buy them directly from the nonprofit organization managing the peer review market system. "
Full paper online here: http://ftp.iza.org/dp9894.pdf
(IZA is the Institute for the Study of Labor.
IZA is a private, independent research institute, which conducts nationally and internationally oriented labor market research. Operating as a non-profit limited liability company, it receives financial support from the Deutsche Post Foundation. Additional funding for specific research programs, projects, reports and events is drawn from various government institutions, international organizations and other foundations, which are made transparent on the respective websites and publications."
http://www.iza.org/en/webcontent/abou...
(Queensland University of Technology), in Discussion Paper No. 9894, April 2016, from IZA, The Institute for the Study of Labor.
"We therefore suggest a new system that is fast, efficient, reliable, fair, integrity preserving, and gaming resistant; namely, an open two-sided market of buyers and sellers of peer review services that
overcomes present shortcomings by using a sophisticated system of recursive quality indicators attached to both authors and peer reviewers. In such a system, authors would post their articles
on the peer review market as unreviewed manuscripts (with full disclosure of name and affiliation) and then decide on the number of credit points they are willing to offer to receive ratings on different aspects (e.g., “academic quality,” “methodological soundness,” “societal relevance,” “innovation,” “creativity”). They would also be able to specify a minimum level of reviewer quality for any of these aspects (i.e., a fee per unit of reviewer quality for each aspect to be rated). Newcomers to the system would start out with zero reviewer credit points, giving them two options for article review: to earn reviewer credit points from scratch or buy them directly from the nonprofit organization managing the peer review market system. "
Full paper online here: http://ftp.iza.org/dp9894.pdf
(IZA is the Institute for the Study of Labor.
IZA is a private, independent research institute, which conducts nationally and internationally oriented labor market research. Operating as a non-profit limited liability company, it receives financial support from the Deutsche Post Foundation. Additional funding for specific research programs, projects, reports and events is drawn from various government institutions, international organizations and other foundations, which are made transparent on the respective websites and publications."
http://www.iza.org/en/webcontent/abou...
