Can AI Solve the Peer Review Crisis? A Large Scale Cross Model Experiment of LLMs' Performance and Biases in Evaluating over 1000 Economics Papers

This study examines the potential of large language models (LLMs) to augment the academic peer review process by reliably evaluating the quality of economics research without introducing systematic bias. We conduct one of the first large-scale experimental assessments of four LLMs (GPT-4o, Claude 3.5, Gemma 3, and LLaMA 3.3) across two complementary experiments. In the first, we use nonparametric binscatter and linear regression techniques to analyze over 29,000 evaluations of 1,220 anonymized p...