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The Faustian Grip of Academic Publishing


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  • Robert P. Parks

    (Washington University)


The journal acquisition budget of libraries is not increasing at the same rate as subscription rates creating the serials' crisis. Many solutions have been proposed including the freely available electronic journal. However, all the solutions suffer the same Faustian Grip - namely that the actors in the academic publishing game have little or no incentive to stop publishing in the current journals. We examine those incentives concluding that even with a better more efficient technology, the actors will not change from the current academic publishing institution, and the serials' crisis will remain.

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Bibliographic Info

Paper provided by EconWPA in its series Microeconomics with number 0202005.

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Length: 17 pages
Date of creation: 21 Feb 2002
Date of revision:
Handle: RePEc:wpa:wuwpmi:0202005

Note: Type of Document - Adobe pdf; prepared on Win 95; to print on HP; pages: 17 ; figures: included
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Keywords: serials crisis journal pricing academic publishing;

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Cited by:
  1. Pedro Cosme Vieira & Aurora A.C. Teixeira, 2006. "Are Finance, Management, and Marketing Autonomous Fields of Scientific Research? An Analysis Based on Journal Citations," FEP Working Papers 233, Universidade do Porto, Faculdade de Economia do Porto.
  2. Matteo Migheli & Giovanni Ramello, 2013. "Open access, social norms and publication choice," European Journal of Law and Economics, Springer, vol. 35(2), pages 149-167, April.
  3. Sandra T. Silva & Aurora A.C. Teixeira, 2007. "On the divergence of research paths in evolutionary economics: a comprehensive bibliometric account," Papers on Economics and Evolution 2006-24, Philipps University Marburg, Department of Geography.


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