Date Added: Aug 2009
Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective. As scholarly research is a mainly curiosity driven endeavor, the authors include intrinsic motivation and supportive feedback by the peers as important determinants of scholarly behavior. They discuss whether a stronger emphasis on selection and socialization offers an alternative to the present regime of academic rankings.