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Optimal Pricing and Quality of Academic Journals and the Ambiguous Welfare Effects of Forced Open Access: A Two-Sided Model

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  • Frank Mueller-Langer
  • Richard Watt

Abstract

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 (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.

Suggested Citation

  • 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," RatSWD Working Papers 223, German Data Forum (RatSWD).
    • Handle: RePEc:rsw:rswwps:rswwps223
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    References listed on IDEAS

    as
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    Cited by:

    1. Frank Mueller-Langer, 2014. "Copyright and parallel trade," Chapters, in: Richard Watt (ed.), Handbook on the Economics of Copyright, chapter 16, pages 287-310, Edward Elgar Publishing.
    2. Milan Frederik Klus & Alexander Dilger, 2020. "Success factors of academic journals in the digital age," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1115-1143, November.
    3. Chokri Aloui & Khaïreddine Jebsi, 2022. "Does corporate social responsibility solve the chicken‐and‐egg problem for a two‐sided platform?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 3235-3256, October.
    4. Frank Mueller-Langer & Marc Scheufen, 2013. "Academic publishing and open access," Chapters, in: Ruth Towse & Christian Handke (ed.), Handbook on the Digital Creative Economy, chapter 32, pages 365-377, Edward Elgar Publishing.
    5. Eberhard Feess & Marc Scheufen, 2016. "Academic copyright in the publishing game: a contest perspective," European Journal of Law and Economics, Springer, vol. 42(2), pages 263-294, October.

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    More about this item

    Keywords

    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;
    All these keywords.

    JEL classification:

    • 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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