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Journal as a Self-Reinforcing Mechanism
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We look at the journal publishing activity from an industrial organization perspective. We show that if product differentiation is not too large and refereeing not too noisy, then journal reputation is a path-dependent process, that is, the reputation of a journal converges to some value which depends on the (random) pattern of submissions during the journals' first periods of life. Empirical evidence of path-dependence for Economics periodicals is provided. Next, we explore the implications of these results in a model of sequential choice of scope of a new journal. The path-dependent nature of journal reputation leads to a bias towards specialization, which in turn implies that the increase in the number of publications is greater than the increase in the number of "good" papers written.
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Citação
Cabral, Luís, Journal as a Self-Reinforcing Mechanism (July, 1992). FEUNL Working Paper Series No. 190