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 (non-linear) externalities between readers and authors in a journal. We show that there exist scenarios in which open access is a feature of high-quality journals. Besides, we find that the removal of copyright (and thus forced open access) will likely increase both readership and authorship, will decrease journal profits, and may increase social welfare.
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Bibliographic InfoPaper provided by German Council for Social and Economic Data (RatSWD) in its series Working Paper Series of the German Council for Social and Economic Data with number 223.
Date of creation: 2013
Date of revision:
two-sided markets; academic journals; journals; science; open access; removal of copyright; copyright; welfare; welfare effects; publishing; ratswd; ratswd working paper; data sharing; data management; germany; data availability; open access; research infrastructure; data; replication; data privacy; metadata; research data centre; infrastructure;
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.
- Mueller-Langer, Frank & Watt, Richard, 2012. "Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: a two-sided model," MPRA Paper 40191, University Library of Munich, Germany.
- 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.
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
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