The Economics of Open-Access Journals
AbstractPrevious research modeled academic journals as platforms connecting authors with readers in a two-sided market. This research used the same basic framework also used to study telephony, credit cards, video game consoles, etc. In this paper, we focus on a key difference between the market for academic journals and these other markets: journals vary in terms of quality, where a journal's quality determined by the quality of the papers it publishes. We provide a simple model of journal quality. As an illustration of the value of the model, we use it to address issues that have arisen in the recent debate concerning whether, in the Internet age, journals should become \open access" (freely available to readers, financed by author rather than subscriber fees). Among other issues, we examine (a) whether open-access journals would tend to publish more articles than traditional journals, moving further down the quality spectrum in order to boost revenue; (b) whether journal quality affects the profitability of adopting open access; and (c) whether submission fees or acceptance fees are better instruments to extract surplus from authors.
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Bibliographic InfoPaper provided by NET Institute in its series Working Papers with number 04-18.
Length: 25 pages
Date of creation: Nov 2004
Date of revision: Nov 2004
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Web page: http://www.NETinst.org/
Open access; academic journal; two-sided market; quality;
Find related papers by JEL classification:
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-08-26 (All new papers)
- NEP-COM-2006-08-26 (Industrial Competition)
- NEP-INO-2006-08-26 (Innovation)
- NEP-MKT-2006-08-26 (Marketing)
- NEP-NET-2006-08-26 (Network Economics)
- NEP-SOG-2006-08-26 (Sociology of Economics)
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- Rattanasuda Poolsombat & Gianluigi Vernasca, 2006. "Partial Multihoming in Two-sided Markets," Discussion Papers 06/10, Department of Economics, University of York.
- Doh-Shin Jeon & Jean-Charles Rochet, 2007.
"The pricing of academic journals: A two-sided market perspective,"
Economics Working Papers
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- Doh-Shin Jeon & Jean-Charles Rochet, 2010. "The Pricing of Academic Journals: A Two-Sided Market Perspective," American Economic Journal: Microeconomics, American Economic Association, vol. 2(2), pages 222-55, May.
- Jeon, Doh-Shin & Rochet, Jean-Charles, 2009. "The Pricing of Academic Journals: A Two-Sided Market Perspective," IDEI Working Papers 458, Institut d'Économie Industrielle (IDEI), Toulouse.
- Jeon, Doh-Shin & Rochet, Jean-Charles, 2009. "The Pricing of Academic Journals: A Two-Sided Market Perspective," TSE Working Papers 09-098, Toulouse School of Economics (TSE).
- Müller-Langer, Frank & Watt, Richard, 2010. "Copyright and Open Access for Academic Works," MPRA Paper 24095, University Library of Munich, Germany.
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