Economics aims to allow the research evaluation process to be market-driven. The traditional peer review process is substantially supplemented by a "public" peer review process in which the community of active researchers from all over the world has a hand in the evaluation process. This is realized within a two-stage publication process.
First Stage: Publication of the submitted version as economics discussion Paper
Access to public peer review (less than three weeks)
The author submits a paper, if possible with hyperlinks to the referenced literature. In addition to the paper, the author is encouraged to also provide mathematical derivations, underlying data sets and a list of researchers who may be interested in reviewing and rating the paper.
The assistant editors check formal and professional standards and pass the paper to a co-editor in the relevant research field.
The co-editor decides on whether to accept the paper for the further peer review process by answering two questions: (i) Whether the paper shows promise of making a significant contribution and (ii) whether it meets basic scientific standards. The co-editor is free to ask other experts in the field for a quick opinion.
If these questions are answered in the affirmative, the paper is promptly published on the platform of the Economics discussion Papers series. At this stage of the assessment our co-editors are not asked to give any reasons when rejecting a paper as discussion paper.
Open assessment of the submitted paper (eight weeks)
The co-editor appoints at least two referees for reviewing the paper. The referee reports are uploaded on the discussion paper platform within six weeks if possible. The referees’ comments may be anonymous, but referees are encouraged to allow their reports to be attributed. Referees are asked to provide short reports that focus on two questions: (i) Is the contribution of the paper potentially significant? (ii) Is the analysis correct? Referees are asked NOT to rewrite the paper or to change its focus. With their assignment thus circumscribed, the referees can be expected to provide reports before the six week deadline elapses.
While the referees are reviewing the paper, the corresponding public discussion platform is open for eight weeks (the "discussion period"). On this platform, registered readers (and invited readers) may review the paper by uploading comments (anonymously or with the name of the contributor published on the Web). In addition, the referees´ comments are posted on the Web site. Authors are asked to respond to these comments. All comments and responses are published and archived in the Economics Discussion Paper section.
The editorial board of Economics reserves the right to delete unacceptable comments and exclude their commentators from the community of registered readers.
During the discussion period, the editorial staff sends the paper to potentially interested researchers (invited readers) to encourage them to also post a comment on the discussion platform. The list of these researchers is compiled partly by the managing staff with the help of the Leibniz Information Centre for Economics and partly by the author. The author is free to respond to all comments.
Second Stage: Publication of the final version in economics
Peer review completion
Based on the referee reports, the comments made by registered and invited readers and the author replies, the co-editor decides whether the paper is accepted or rejected for publication in Economics.
If the co-editor´s decision deviates from the views of the referees and the registered readers, the co-editor is free to justify it publicly through a statement in the paper’s discussion forum. In the case of acceptance, the co-editor prepares a short statement, e.g. containing suggestion for revisions.
If accepted, the discussion paper or its revised version is published as article in Economics. The discussion paper with all comments is permanently archived and remains accessible to the public for documenting the paper’s history.
Market-based evaluation of published articles
Readers are free to upload comments.
Authors are free to respond to all comments.
Authors are free to upload revised versions at any time.
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