Resource title

Economists in the PITS?

Resource image

image for OpenScout resource :: Economists in the PITS?

Resource description

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.

Resource author

Bruno S. Frey

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26639

Resource license

Adapt according to the presented license agreement and reference the original author.