Sunday, February 1, 2015

Paper Exposing Manipulation of Electricity Prices Stymied by Editor with Private Equity Ties


Yves here. I’ve read the detailed traffic between the author Eric L. Prentis and the publication in question, Energy Economics, and have also run them and his paper by academics who have or are supervising significant research and publication efforts. They gave the Prentis paper high marks and agreed that the actions of Energy Economics and its parent Elsevier were troubling, given that the editor who failed to move the routine review process forward has strong ties to the private equity industry. As one put it, “On its face, this conduct raises very grave questions.”

By Eric L. Prentis

How Research Journal Publishing is Being Subverted to Support Ideology — Rather Than the Truth

The allies of Wall Street’s private equity firms appear to use obstruction and delaying tactics when research threatens to expose how they prey on citizens and communities.

I have published previously in academic journals and am familiar with their quality standards and usual practices. The experience I had with Energy Economics, a top-tier publication in that niche, over a paper that was eventually published in another well-regarded, but non-US publication, was such an extreme departure from the norms of academic publishing as to strongly suggest that the reason for inexplicable delays and the eventual refusal to review my paper, is due to the fact that the paper effectively called out private equity price manipulation in electricity markets. As I will demonstrate, my paper was peculiarly re-assigned to an editor with strong ties to the private equity industry who then failed to move it forward in the editorial process, in violation of the policies of the publisher, Elsevier.

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