An auction market for journal articles

Jens Prüfer, David Zetland

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)


We recommend that an auction market replace the current system for submitting academic papers and show a strict Pareto-improvement in equilibrium. Besides the benefit of speed, this mechanism increases the average quality of articles and journals and rewards editors and referees for their effort. The "academic dollar" proceeds from papers sold at auction go to authors, editors and referees of cited articles. This nonpecuniary income indicates the academic impact of an article-facilitating decisions on tenure and promotion. This auction market does not require more work of editors.

Original languageEnglish
Pages (from-to)379-403
Number of pages25
JournalPublic Choice
Issue number3
Publication statusPublished - Dec 2010


  • A11
  • Academic journals
  • Academic productivity
  • D02
  • D44
  • Market design

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