Over on Overcoming Bias, Robin Hanson has proposed that journals report the papers that they reject, including names of authors and dates of rejections, possibly even with the referee letters. He argues that this might improve the efficiency of the economics journal publishing process by "raising the bar" so that people will not send papers to journals that they are unlikely to get their papers accepted in.
As a journal editor I disagreed, noting that this would be very humiliating for many would-be authors, with some I know having a hard enough time submitting papers given their fears and unhappiness about rejections and nasty comments by refererees. I also noted that there are other proposals out there along similar "efficiency" lines, but that they go against practices and trends in the hard sciences. Thus one says that lengthening the times to first responses from journals (which has been a trend) would achieve this result also, and there are journals that charge very high submission fees, but then return them if papers are accepted (last time I checked, $650 at the Journal of Financial Economics, with the Journal of Monetary Economics not far behind). As it is, in the hard sciences, very rapid turnaround and publishing times are emphasized, and rather than punishing submitters who get rejected and rewarding those who are accepted, many hard science journals have no submission fees, but make authors pay for pages of papers that are being published, something I am unaware of any economics journal doing, whatever one thinks of that. But it is certainly the opposite of the practice of the J. Fin. Econ. and the J. Mon. Econ.