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Academic journals as two-sided platforms : empirical evidence from data on french libraries

Author

Listed:
  • Dubois, P.
  • Hernandez Perez, A.
  • Ivaldi, M.

Abstract

This paper analyzes the demand and cost structure of the french market of academic journals, taking into account its intermediary role between researchers, who are both producers and consumers of knowledge. This two sidedness feature will echoes similar problems already observed in electronic markets-payment card systems, video games console, etc-such as the chicken and egg problem, where readers won't buy a journal if they do not expect its articles to be academically relevant and researchers, that live under the mantra "publish or perish", will not submit to a journal with either limited public reach or weak reputation. After the merging of several databases, we estimate the aggregated nested logit demand system combined simultaneously with a cost function. We identify the structural parameters of this market and find that price elasticities of demand are quite large and margins relatively low, indicating that this industry experiences competitive constraints. ...French Abstract : Cet article analyse la structure de la demande et des coûts du marché français des revues scientifiques. Nous estimons un "nested logit" pour le modèle de demande et identifions les paramètres structurels de ce marché. Nous trouvons que les élasticités prix de la demande sont assez grandes et les marges relativement faibles ce qui indique que cette industrie est relativement concurrentielle.

Suggested Citation

  • Dubois, P. & Hernandez Perez, A. & Ivaldi, M., 2006. "Academic journals as two-sided platforms : empirical evidence from data on french libraries," Economics Working Paper Archive (Toulouse) 200606, French Institute for Agronomy Research (INRA), Economics Laboratory in Toulouse (ESR Toulouse).
  • Handle: RePEc:rea:inrawp:200606
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    References listed on IDEAS

    as
    1. McFadden, Daniel L., 1984. "Econometric analysis of qualitative response models," Handbook of Econometrics,in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 24, pages 1395-1457 Elsevier.
    2. Jean-Charles Rochet & Jean Tirole, 2014. "Platform Competition in Two-Sided Markets," CPI Journal, Competition Policy International, vol. 10.
    3. Steven T. Berry, 1994. "Estimating Discrete-Choice Models of Product Differentiation," RAND Journal of Economics, The RAND Corporation, vol. 25(2), pages 242-262, Summer.
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    5. Jean‐Charles Rochet & Jean Tirole, 2006. "Two‐sided markets: a progress report," RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 645-667, September.
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    7. McCabe Mark J, 2004. "Law Serials Pricing and Mergers: A Portfolio Approach," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 3(1), pages 1-31, August.
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    9. Jullien, Bruno, 2004. "Two-Sided Markets and Electronic Intermediation," IDEI Working Papers 295, Institut d'Économie Industrielle (IDEI), Toulouse.
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    More about this item

    Keywords

    REVUE; RECHERCHE SCIENTIFIQUE; PUBLICATION PERIODIQUE; EVALUATION; CHERCHEUR;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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