How Should Peer-Review Panels Behave?

No 7024, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Many governments wish to assess the quality of their universities. A prominent example is the UK's new Research Excellence Framework (REF) 2014. In the REF, peer-review panels will be provided with information on publications and citations. This paper suggests a way in which panels could choose the weights to attach to these two indicators. The analysis draws in an intuitive way on the concept of Bayesian updating (where citations gradually reveal information about the initially imperfectly-observed importance of the research). Our study should not be interpreted as the argument that only mechanistic measures ought to be used in a REF.

Keywords: REF 2014 (Research Excellence Framework); Bayesian methods; bibliometrics; university evaluation; RAE Research Assessment Exercise 2008; citations (search for similar items in EconPapers)
JEL-codes: C11 I23 O30 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2012-11
New Economics Papers: this item is included in nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - published in: Economic Journal, 2013, 123 (570), 255-278

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Related works:
Journal Article: How Should Peer‐review Panels Behave? (2013)
Working Paper: How Should Peer-Review Panels Behave? (2012)
Working Paper: How Should Peer-Review Panels Behave? (2012)
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