From Transaction Costs to Nobel Benefits: Do Published Papers and their International Evaluation Explain Whole Success of O. E. Williamson? Cover Image

Od transakčných nákladov k Nobelovým benefitom: vysvetľujú publikované články a ich medzinárodné hodnotenie celý úspech O. E. Williamsona?
From Transaction Costs to Nobel Benefits: Do Published Papers and their International Evaluation Explain Whole Success of O. E. Williamson?

Author(s): Brzica Daneš
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: O. E. Williamson; new institutional economics; Nobel prize; scientific publications; database IDEAS RePEc

Summary/Abstract: The paper aims, besides evaluation of importance of Williamson’s work, to empirically verify the hypothesis whether there are also some other factors (e.g., confirmation of theoretical results in practice or attractiveness of his work to academicians and policy makers) behind the Williamson’s success and not only the quality of his (especially journal) publications (as indicated in IDEAS RePEc database). The example of Williamson´s work is used here for a broader discussion of the problem to what extent only purely quantitative data can serve as a basis for evaluation of the best economists. Our research confirms our hypothesis and shows that despite the fact that rankings based on scientific journal publications and citations represent an important selection mechanism for selection of the best scientist in economics, they are not complex enough to be the only way how to nominate the best scientists as is shown in the case of “Nobel prize” selection.

  • Issue Year: 58/2010
  • Issue No: 10
  • Page Range: 983-1005
  • Page Count: 23
  • Language: Slovak
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