Peter Boettke’s Ph.d grading strategy
…your final draft of your paper will be due on April 29th and I will submit your papers (blind) to external referees as well as myself for assessment, an A grade will be limited to those papers, and only those papers, that are recommended for acceptance or conditional acceptance, a B grade will be assigned to those papers that receive a recommendation of revise and resubmit, and a C grade will be assigned to those papers that are rejected by the external referees and myself. I will be available throughout the semester to discuss and read your drafts, so don’t be a stranger.
The source is here, and for the pointer I thank Jacob T. Levy.