Concentration of power at the editorial boards of economics journals

Abstract

Using a unique dataset covering 106 economics journals over the period 1990–2011, we document trends in the incidence of multiple positions, editorial duration and institutional background for 6192 board members. We put these figures into perspective using the literature on boards of directors and measures of market concentration. The picture that emerges is of a discipline with a high concentration of institutional and individual power, especially at the more prestigious journals. Evidence suggests this indeed matters: there is a strong negative association between editorial duration and journal impact.