A model of scholarly publishing with hybrid academic journals
AbstractIn April 2013, all of the major academic publishing houses moved thousands of journal titles to an original hybrid model, under which authors of accepted papers can choose between an expensive open access track and the traditional track available only to subscribers. This paper argues that authors might use publication strategy as a quality signaling device. The imperfect information game between authors and readers presents several types of Perfect Bayesian Equilibria, including a separating equilibrium in which only authors of high quality papers are driven toward the open access track. The publishing house will choose the open-access publication fee that supports the emergence of the highest return equilibrium. Journal structures will evolve over time according to the journals' accessibility - quality profiles.
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Date of creation: Mar 2014
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Academic publishing ; Open access ; Knowledge di¤usion ; Imperfect information ; Signaling;
Other versions of this item:
- Besancenot, Damien & Vranceanu, Radu, 2014. "A model of scholarly publishing with hybrid academic journals," ESSEC Working Papers WP1406, ESSEC Research Center, ESSEC Business School.
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-CTA-2014-04-11 (Contract Theory & Applications)
- NEP-GER-2014-04-11 (German Papers)
- NEP-NET-2014-04-11 (Network Economics)
- NEP-SOG-2014-04-11 (Sociology of Economics)
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