Screening, sorting, and the feedback cycles that imperil peer review

TL;DR

This paper models the complex incentives and feedback loops in peer review, revealing how increasing submissions and reliance on unpaid reviewers threaten its sustainability, and proposes interventions to mitigate this crisis.

Contribution

It introduces mathematical models to analyze peer review dynamics, highlighting feedback mechanisms and suggesting strategies to prevent review system collapse.

Findings

Overtaxed reviewers reduce review quality

Increased submissions lead to more low-quality reviews

Interventions can slow peer review decline

Abstract

Scholarly journals rely on peer review to identify the science most worthy of publication. Yet finding willing and qualified reviewers to evaluate manuscripts has become an increasingly challenging task, possibly even threatening the long-term viability of peer review as an institution. What can or should be done to salvage it? Here, we develop mathematical models to reveal the intricate interactions among incentives faced by authors, reviewers, and readers in their endeavors to identify the best science. Two facets are particularly salient. First, peer review partially reveals authors' private sense of their work's quality through their decisions of where to send their manuscripts. Second, journals' reliance on traditionally unpaid and largely unrewarded review labor deprives them of a standard market mechanism -- wages -- to recruit additional reviewers when review labor is in short supply. We highlight a resulting feedback loop that threatens to overwhelm the peer review system: (1) an increase in submissions overtaxes the pool of suitable peer reviewers; (2) the accuracy of review drops because journals either must either solicit assistance from less qualified reviewers or ask current reviewers to do more; (3) as review accuracy drops, submissions further increase as more authors try their luck at venues that might otherwise be a stretch. We illustrate how this cycle is propelled by the increasing emphasis on high-impact publications, the proliferation of journals, and competition among these journals for peer reviews. Finally, we suggest interventions that could slow or even reverse this cycle of peer-review meltdown.