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on Sociology of Economics |
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Issue of 2006‒08‒26
three papers chosen by Jonas Holmstrom Swedish School of Economics and Business Administration |
| By: | Gerry O’Sullivan |
| Abstract: | The largest-ever evaluation of an Irish research programme has concluded that the PRTLI is “the beginning of a major and most beneficial transformation of the research landscape of Ireland that will help to install an innovation-driven economy”. The PRTLI, the Programme for Research in Third Level Institutions, is managed by the country’s Higher Education Authority. |
| Keywords: | tertiary, financing, Ireland |
| Date: | 2005–02 |
| URL: | http://d.repec.org/n?u=RePEc:oec:eduaaa:2005/3-en&r=sog |
| By: | Mark McCabe (Georgia Institute of Technology); Christopher Snyder (Dartmouth College) |
| Abstract: | Previous research modeled academic journals as platforms connecting authors with readers in a two-sided market. This research used the same basic framework also used to study telephony, credit cards, video game consoles, etc. In this paper, we focus on a key difference between the market for academic journals and these other markets: journals vary in terms of quality, where a journal's quality determined by the quality of the papers it publishes. We provide a simple model of journal quality. As an illustration of the value of the model, we use it to address issues that have arisen in the recent debate concerning whether, in the Internet age, journals should become \open access" (freely available to readers, financed by author rather than subscriber fees). Among other issues, we examine (a) whether open-access journals would tend to publish more articles than traditional journals, moving further down the quality spectrum in order to boost revenue; (b) whether journal quality affects the profitability of adopting open access; and (c) whether submission fees or acceptance fees are better instruments to extract surplus from authors. |
| Keywords: | Open access, academic journal, two-sided market, quality |
| JEL: | L14 L82 D40 L31 |
| Date: | 2004–11 |
| URL: | http://d.repec.org/n?u=RePEc:net:wpaper:0418&r=sog |
| By: | James D. Adams; Roger Clemmons |
| Abstract: | This paper describes flows of basic research through the U.S. economy and explores their implications for scientific output at the industry and field level. The time period is the late 20th century. This paper differs from others in its use of measures of science rather than technology. Together its results provide a more complete picture of the structure of basic research flows than was previously available. Basic research flows are high within petrochemicals and drugs and within a second cluster composed of software and communications. Flows of chemistry, physics, and engineering are common throughout industry; biology and medicine are almost confined to petrochemicals and drugs, and computer science is nearly as limited to software and communications. In general, basic research flows are more concentrated within scientific fields than within industries. The paper also compares effects of different types of basic research on scientific output. The main finding is that the academic spillover effect significantly exceeds that of industrial spillovers or industry basic research. Finally, within field effects exceed between field effects, while the within- and between industry effects are equal. Therefore, scientific fields limit basic research flows more than industries. |
| JEL: | D2 O3 |
| Date: | 2006–08 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:12459&r=sog |