What insures that the system of referred journals works well? The responsibility seems not to lie in the prevailing governance structure. The largely non-profit form which characterizes these journals insures a lack of accountability. Editors and referees are not provided with simple incentives to perform their intended roles well. Survey material indicates that in fact editors exert little if any control over the referees employed. However, contrary to expectations, referees are generally conceded to perform at a high level. What drives the process is not narrow self-interest but rather professional obligation.
- Economic journals
- Nonprofit organizations