Author Instructions

The review process for the journal is designed to provide authors with timely decisions. All submissions will be reviewed by the editor and by external reviewers. The review process will be single-blind with referees remaining anonymous.

Submission Instructions

The journal accepts only electronic submissions. Please submit both a copy from a standard word or text processor, such as Word or LaTeX, and a pdf file. Before submitting, please refer to for preparation instructions, submission fees, and general information.

The Author(s) declares that the manuscript has not been previously published, that it is not under consideration for publication elsewhere, and that its publication is approved by all co-authors, if any, and any other authorities at the corporation/institute/university where the work was done. Further, if accepted, the work will not be published elsewhere in similar form.

The publisher uses modern production techniques to create both printed and online formats of articles. These processes have been developed to streamline the final version to publication stage.

Accepted manuscripts will be copyedited and proofread, so it is not necessary to prepare camera-ready copy. It is, however, mutually advantageous to adhere to the structure of the approved style files.

The CFR requires authors to share the information necessary for other researchers to replicate the results of their papers. Please see the Data Policy below.

Submit an Article

General Instructions for Accepted Manuscripts


Please provide an abstract of not more than 150 words. The abstract will appear in various online and printed abstract journals.

Title Page

Include the title of the article, author(s) name(s), and affiliation(s). Acknowledgements should also be on this page and should be the first footnote of the article. Authors are expected to reveal the source of any financial or research support received in connection with the preparation of their article.

Tables and Figures

Number figures and tables consecutively (Table 1, Table 2, etc.). Do not number them according to the section in which they appear. Please do not insert figures and tables in the text. Instead, in the space immediately after the paragraph in which the figure or table is first referenced, insert a text tag as follows:

[Table 1 here]

Reference Citations

Include the first name of each author when first mentioned, either in text or in footnotes. Each subsequent reference to an author should include only the last name, unless two or more authors have the same last name.

If you cite an article that is neither published nor accepted for publication, please make every effort to find an internet link to it, and include the web site address in the reference list, giving the full link. If you cite an unpublished article of which you are the author, you must make that article available on the web before the journal article is published.

Citations should take the place of footnotes whenever possible. Work them into the text smoothly. For material in quotation marks, include page number references. Try to avoid using e.g, cf, and "see also."

Example: Allan Gibbard (1973) and Mark Satterthwaite (1975) independently asked the question of what happens when the agents studied by Kenneth Arrow in Social Choice and Individual Values (1963) decided...others refocused attention on resource allocation (Charles Kindleberger 1964a,b; John Cornwall 1977).


Number footnotes in order, corresponding to numbers in the text, and place them at the bottom of the page (rather than as endnotes). Footnotes are not necessary for works cited; use citations instead as shown above.

Reference List

Verify references carefully; they must correspond to the citations in text. List alphabetically by author's last name and then by year. In references lists, only the first author's name is inverted. Please list all authors; avoid using et al. in lieu of authors' names. Include authors' first names unless the first names are not published.

Data Policy

  • The paper itself must contain descriptions that are sufficient to allow other researchers to replicate results in tables and figures.
  • Researchers must include the first few observations ("snippets") that entered into the results (e.g., statistics, regressions). Even proprietary data vendors, such as CRSP and Compustat, allow this - it is fair use under US copyright law.
  • Authors are strongly encouraged but not required to provide the computer programs that created the data for tables and figures. (Authors are encourage to use snippet or dummy data to illustrate program functioning.) The goal of making the original programs available to CFR readers is to unburden authors from providing support for their papers, not the opposite. Thus, the CFR policy is to request that authors do not respond to reader inquiries that request support. Instead, authors should refer readers to the CFR. In the long run, it is the plan of the CFR to offer centralized fee-based support for the programs.
  • The ideal situation is for authors to make the data itself available, too. This is not always possible, e.g., when the data is sold by a commercial vendor.

Snippets, programs, and data should be bundled for posting at the CFR upon acceptance of the paper, and will be posted upon publication of the paper. In special cases, the CFR may allow a 2-year moratorium before posting the data to allow authors to exploit data that required years to collect. However, it is discouraged. Experience tells us that fear of thirdparty abuse is usually unfounded. If anything, making data available sooner rather than later only increases the impact of the original work itself.

It is the policy of the CFR not to publish papers that cannot be replicated anywhere else in the world. This is not for fear of deception by authors, but for fear that inadvertent errors can never be corrected. It is the CFR view that science, unlike faith, requires replicability.

Please also visit the Editor's CFR Page for more information.