The Distribution of Article Quality and Inefficiencies in the Market for Scientific Journals

15 Pages Posted: 4 Oct 2017

See all articles by Philipp Kohlgruber

Philipp Kohlgruber

University of Graz

Christoph Kuzmics

University of Graz - Department of Economics

Date Written: October 3, 2017

Abstract

We build an oligopoly model of the market of scientific journals that allows us to relate the (in-)efficiency of this market to the exogenous distribution of article quality. Journal quality is endogenously determined by the submission choices of scientists. The efficiency of any stable equilibrium depends crucially on the exogenous distribution of article quality, especially on the fatness of the upper tail. For the empirically plausible Pareto distribution the market is inefficient even in the limit as the number of publishers tends to infinity.

Keywords: Oligopoly, Natural Monopoly, Efficiency, Price Competition, Endogenous Product Differentiation

JEL Classification: C72, C73, D43, L13, L15, L82

Suggested Citation

Kohlgruber, Philipp and Kuzmics, Christoph, The Distribution of Article Quality and Inefficiencies in the Market for Scientific Journals (October 3, 2017). Available at SSRN: https://ssrn.com/abstract=3047101 or http://dx.doi.org/10.2139/ssrn.3047101

Philipp Kohlgruber

University of Graz ( email )

Universitaetsstrasse 15 / FE
A-8010 Graz, 8010
Austria

Christoph Kuzmics (Contact Author)

University of Graz - Department of Economics ( email )

Universitaetsstrasse 15
RESOWI - F4
Graz, 8010
Austria

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