Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: a two-sided model
AbstractWe analyse optimal pricing and quality of a monopolistic journal and the optimality of open access in a two-sided model. The predominant aspect of the model that determines the quality levels at which open access is optimal is the nature of the relationship between readers and authors in a journal. In contrast to previous literature, we firstly show that there exist scenarios in which open access is a feature of high-quality journals. Second, we find that removal of copyright (and thus forced open access) decreases journal profits but has ambiguous social welfare effects.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40191.
Date of creation: 25 Apr 2012
Date of revision:
Open access; academic journals; two-sided market; ambiguous welfare effects of removal of copyright;
Other versions of this item:
- Mueller-Langer, Frank & Watt, Richard, 2013. "Optimal Pricing and Quality of Academic Journals and the Ambiguous Welfare Effects of Forced Open Access: A Two-sided Model," Discussion Papers in Economics 16277, University of Munich, Department of Economics.
- Frank Mueller-Langer & Richard Watt, 2013. "Optimal Pricing and Quality of Academic Journals and the Ambiguous Welfare Effects of Forced Open Access: A Two-Sided Model," Working Paper Series of the German Council for Social and Economic Data 223, German Council for Social and Economic Data (RatSWD).
- Mueller-Langer, F. & Watt, R., 2012. "Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: A two-sided model," Discussion Paper 2012-019, Tilburg University, Tilburg Law and Economic Center.
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-29 (All new papers)
- NEP-COM-2012-07-29 (Industrial Competition)
- NEP-IPR-2012-07-29 (Intellectual Property Rights)
- NEP-NET-2012-07-29 (Network Economics)
- NEP-SOG-2012-07-29 (Sociology of Economics)
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