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Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: a two-sided model

  • Mueller-Langer, Frank
  • Watt, Richard

We 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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File URL: http://mpra.ub.uni-muenchen.de/40191/1/MPRA_paper_40191.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 40191.

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Date of creation: 25 Apr 2012
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Handle: RePEc:pra:mprapa:40191
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Web page: http://mpra.ub.uni-muenchen.de

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  1. McCabe Mark J & Snyder Christopher M., 2007. "Academic Journal Prices in a Digital Age: A Two-Sided Market Model," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 7(1), pages 1-39, January.
  2. Oster, Sharon, 1980. "The Optimal Order for Submitting Manuscripts," American Economic Review, American Economic Association, vol. 70(3), pages 444-48, June.
  3. Müller-Langer, Frank & Watt, Richard, 2010. "Copyright and Open Access for Academic Works," MPRA Paper 24095, University Library of Munich, Germany.
  4. Daniel S. Hamermesh, 1992. "The Young Economist's Guide to Professional Etiquette," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 169-179, Winter.
  5. repec:rje:randje:v:37:y:2006:3:p:645-667 is not listed on IDEAS
  6. Bergstrom, Ted, 2001. "Free Labor for Costly Journals?," University of California at Santa Barbara, Economics Working Paper Series qt5jc0893p, Department of Economics, UC Santa Barbara.
  7. Heintzelman Martin & Nocetti Diego, 2009. "Where Should we Submit our Manuscript? An Analysis of Journal Submission Strategies," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-28, September.
  8. Doh-Shin Jeon & Domenico Menicucci, 2006. "Bundling Electronic Journals and Competition among Publishers," Journal of the European Economic Association, MIT Press, vol. 4(5), pages 1038-1083, 09.
  9. 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.
  10. Mark McCabe, 2004. "Information goods and endogenous pricing strategies: the case of academic journals," Economics Bulletin, AccessEcon, vol. 12(10), pages 1-11.
  11. Marc Rysman, 2009. "The Economics of Two-Sided Markets," Journal of Economic Perspectives, American Economic Association, vol. 23(3), pages 125-43, Summer.
  12. repec:ebl:ecbull:v:12:y:2004:i:10:p:1-11 is not listed on IDEAS
  13. Jean-Charles Rochet & Jean Tirole, 2002. "Cooperation Among Competitors: Some Economics Of Payment Card Associations," RAND Journal of Economics, The RAND Corporation, vol. 33(4), pages 549-570, Winter.
  14. Mark J. McCabe & Christopher M. Snyder, 2005. "Open Access and Academic Journal Quality," American Economic Review, American Economic Association, vol. 95(2), pages 453-459, May.
  15. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 947-993, October.
  16. repec:rje:randje:v:37:y:2006:3:p:668-691 is not listed on IDEAS
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