Seminar  |  04/29/2020, 03:00 PM

Innovation & Entrepreneurship Seminar: Scientific Prizes and Post-Award Attention – Evidence From The Nobel Prize in Economics

Mark McCabe (SKEMA/Boston University)

Virtual Talk (on invitation)

Does the added attention associated with scientific prizes have a positive impact on citations to winners’ pre-award articles? The answer has implications for how prizes influence innovation, and whether trade-offs exist when award frequency changes. Using article level citation data associated with matched winner/control paper pairs, we find that the Nobel Prize announcements in economics result in substantial citation benefits for pre-award papers. These benefits are increasing in the distance from the core economics audience. Insiders pay greatest attention to consensus papers cited by the Nobel Prize Committee and written by past Clark Medal winners; outsiders focus more on consensus papers not written by Clark Medal awardees. In both cases, the entry of new citing authors accounts for most of the enhanced attention. We also examine the direct impact of the Clark Medal on citations and find effects comparable to those arising with the Nobel Prize. (Joint work with Zakaria Babutsidze, SKEMA)

Contact Person: Felix Pöge