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The pricing of academic journals: a two-sided market perspective


Rochet, Jean-Charles; Jeon, Doh-Shin (2010). The pricing of academic journals: a two-sided market perspective. American Economic Journal: Microeconomics, 2(2):222-255.

Abstract

More and more academic journals are adopting an open access policy by which articles are accessible free of charge, while publication costs are recovered through author fees. We study the consequences of this open access policy on the quality standard of an electronic academic journal. If the journal's objective were to maximize social welfare, open access would be optimal. However, we show that if the journal has a different objective (such as maximizing readers' utility, the impact of the journal, or its profit), open access tends to induce it to choose a quality standard below the socially efficient level.

Abstract

More and more academic journals are adopting an open access policy by which articles are accessible free of charge, while publication costs are recovered through author fees. We study the consequences of this open access policy on the quality standard of an electronic academic journal. If the journal's objective were to maximize social welfare, open access would be optimal. However, we show that if the journal has a different objective (such as maximizing readers' utility, the impact of the journal, or its profit), open access tends to induce it to choose a quality standard below the socially efficient level.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Banking and Finance
Dewey Decimal Classification:330 Economics
Date:May 2010
Deposited On:28 Jan 2011 12:29
Last Modified:05 Apr 2016 14:38
Publisher:American Economic Association
ISSN:1945-7669
Publisher DOI:https://doi.org/10.1257/mic.2.2.222

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