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Free Labor for Costly Journals

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Author Info
Ted Bergstrom (University of California, Santa Barbara)

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Abstract

Commercial publishers charge libraries about 6 times as much per page and 16 times as much per citation as nonprofit journals. The paper presents evidence that successful for profit journals are priced at several times average cost. They are able to earn "monopoly profits" despite free entry into the industry because journal reputation is the result of a kind of coordination game. The paper advocates withholding free referee services from overpriced journals.

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File URL: http://repositories.cdlib.org/cgi/viewcontent.cgi?article=1145&context=ucsbecon
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Publisher Info
Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 2001C.

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Date of creation: 20 Mar 2001
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Handle: RePEc:cdl:ucsbec:2001c

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Related research
Keywords: economics journals; information goods; pricing of academic journals; non-profit organizations; monopoly; coordination game; libraries;

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Cited by:
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  1. Malcolm Getz, 2005. "Open Scholarship and Research Universities," Working Papers 0517, Department of Economics, Vanderbilt University. [Downloadable!]
  2. Azar, Ofer H., 2002. "The slowdown in first-response times of economics journals: Can it be beneficial?," MPRA Paper 4478, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  3. Henk W. Plasmeijer, 2002. "Pricing the serials library: in defence of a market economy," Journal of Economic Methodology, Taylor and Francis Journals, vol. 9(3), pages 337-357, November. [Downloadable!] (restricted)
  4. Azar, Ofer H., 2002. "Evolution of social norms with heterogeneous preferences: A general model and an application to the academic review process," MPRA Paper 4482, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  5. Nathan Berg, 2002. "Coping with journal-price inflation: leading policy proposals and the quality-spectrum," Economics Bulletin, Economics Bulletin, vol. 4(14), pages 1-7. [Downloadable!]
  6. Mark J. McCabe, 2002. "Journal Pricing and Mergers: A Portfolio Approach," American Economic Review, American Economic Association, vol. 92(1), pages 259-269, March. [Downloadable!]
  7. Michael Dunford & Diane Perrons & Barry Reilly & Rebecca Bull, 2002. "Citations, authors and referees: Regional studies , 1981-2002," Regional Studies, Taylor and Francis Journals, vol. 36(9), pages 1053-1065, December. [Downloadable!] (restricted)
  8. Mark McCabe, 2004. "Information goods and endogenous pricing strategies: the case of academic journals," Economics Bulletin, Economics Bulletin, vol. 12(10), pages 1-11. [Downloadable!]
  9. Seidl, Christian & Schmidt, Ulrich & Grösche, Peter, 2005. "The Performance of Peer Review and a Beauty Contest of Referee Processes of Economics Journals/," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 23, pages 505-551, Diciembre. [Downloadable!] (restricted)
  10. Armstrong, Mark, 2008. "Collection sales: good or bad for journals?," MPRA Paper 8619, University Library of Munich, Germany. [Downloadable!]
  11. Prufer, J. & Zetland, D., 2007. "An Auction Market for Journal Articles," Discussion Paper 2007-027, Tilburg University, Tilburg Law and Economic Center. [Downloadable!]
    Other versions:
  12. Aaron S. Edlin & Daniel L. Rubinfeld, 2005. "The Bundling of Academic Journals," American Economic Review, American Economic Association, vol. 95(2), pages 441-446, May. [Downloadable!]
  13. domenico menicucci & doh-shin jeon, 2004. "bundling electronic journals and competition among publishers," Econometric Society 2004 Far Eastern Meetings 720, Econometric Society. [Downloadable!]
    Other versions:
  14. Julie Holland Mortimer, 2005. "Price Discrimination, Copyright Law, and Technological Innovation: Evidence from the Introduction of DVDs," NBER Working Papers 11676, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  15. Jean-Robert Tyran & Dirk Engelmann, 2002. "To Buy or Not to Buy? An Experimental Study of Consumer Boycotts in Retail Markets," University of St. Gallen Department of Economics working paper series 2002 2002-13, Department of Economics, University of St. Gallen. [Downloadable!]
    Other versions:
  16. Glenn Ellison, 2007. "Is Peer Review in Decline?," NBER Working Papers 13272, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  17. Holm, Håkan J., 2009. "Double-Blind in Light of Internet – Note on Review Processes," Working Papers 2009:5, Lund University, Department of Economics. [Downloadable!]
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