Theory and Decision 51 (1):1-11 (2001)

Abstract
This paper clarifies why editors of academic journals should share with their referees the information about the number of referees they consult and the decision rule they apply. Our analysis also rationalizes the common questionable phenomenon of editors who seem to distort the yes or no recommendations of their referees. The editors request a recommendation of whether to accept or reject the paper as well as an assessment of the paper. The editors need the complete reports to make the appropriate correction of the referees' final recommendations
Keywords Referees  Editors  Decision-making system  Information sharing  Endogenous acceptance criteria
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DOI 10.1023/A:1012273830440
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