Abstract
We study the role of informal collaboration in academic knowledge production using published research papers previously presented and discussed at the NBER Summer Institute. We show that papers that have a discussant are published in highly-ranked journals and are more likely to be published in a top journal. Conditional on having a discussant, the quality of a paper’s journal outlet increases in the discussant’s prolificness and editorial experience. This supports the idea that discussants help reduce information asymmetries that are inherent in the academic publication process. Conversely, using social network analysis we find no evidence that citations accumulate because discussants diffuse information about the paper.
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