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SUMMARY:Andrea Wilson (Princeton) - 19.10.2022
DTSTART;TZID=Europe/Berlin:20221019T163000
DTEND;TZID=Europe/Berlin:20221019T174500
DTSTAMP:20260526T015938Z
UID:ae61f43ecb864515a4b0e98f763eebc3@www.econ.uni-bonn.de
CREATED:20221021T141256Z
DESCRIPTION:We explore a novel model where authors of heterogeneous papers
  submit to ranked journals with admission standards on noisy referee evalu
 ations. Journal caliber reflects paper quality in a rational expectations 
 equilibrium. In our main finding\, journal rejection rates first rise and 
 then fall in caliber\, and so cannot be used to rank journals. The logic b
 y extension applies to college rankings. This paper therefore invalidates 
 using selectivity to rank journals and colleges. Our theory holds for all 
 signals obeying a novel log-concavity condition that is typically met.
LAST-MODIFIED:20221130T094416Z
URL:https://www.econ.uni-bonn.de/micro/en/seminars/micro-theory-seminar/an
 drea-wilson-princeton-19-10.2022
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