Occasionally an author will conclude that the referee erred in reviewing his paper. To resolve these disputes, the JFE follows the following procedure (modified effective January 1, 2020).
- A letter detailing the issues in dispute is sent by the author to the editorial office and forwarded to the anonymous referee.
- The referee is asked to respond to the editor saying whether he agrees
or disagrees with the issues raised by the author.
- If the author and referee have agreed to disagree, the author can initiate the following dispute procedure:
- Use PayPal or send a check for $1,500 payable to the Journal of Financial Economics to cover the costs of the dispute.
- The editor will send the paper to another referee, along with all
of the relevant correspondence from the first review, including the
correspondence between the author and the first referee. The dispute
referee will review the version of the paper that was originally submitted,
not one that was revised in response to the first referee's report.
The second referee's report will lead to one of the following outcomes:
- If paper is published in its current form, the JFE will refund the full submission fees [the original submission fee of $900 (or $1,000 for non-subscribers) plus the $1,500 fee for the second review].
- If the JFE decides not to publish
the paper, but the second referee convinces the editor that the first referee
erred in a significant way, the JFE
will refund the incremental $1,500 dispute fee.
- If the second referee agrees with the first referee, the paper is rejected, no submission fees will be refunded, and the rejection decision is final.
We hope that both authors and referees understand the desirability of having authors share the burden of disputes. Our intent is to resolve disputes efficiently and fairly, and to rectify mistakes through our refund policy.
Authors who wish to use PayPal to pay the $1,500 dispute fee: