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.
Dokumententyp: | Paper |
---|---|
Keywords: | Two-sided markets, academic journals, open access, removal of copyright, welfare effects |
Fakultät: | Volkswirtschaft
Volkswirtschaft > Munich Discussion Papers in Economics |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
JEL Classification: | L11, L82, O34 |
URN: | urn:nbn:de:bvb:19-epub-16277-3 |
Sprache: | Englisch |
Dokumenten ID: | 16277 |
Datum der Veröffentlichung auf Open Access LMU: | 23. Aug. 2013, 17:09 |
Letzte Änderungen: | 08. Nov. 2020, 11:16 |
Literaturliste: | [1] Armstrong, M. (2006), .Competition in Two-sided Markets., RAND Journal of Economics, 37(3), 668-91. [2] Bergstrom, T. (2001), .Free Labor for Costly Journals?., Journal of Economic Perspectives, 15(4), 183-98. [3] Dewatripont, M., et al. (2006). Study on the Economic and Technical Evolution of the Scientific Publication Markets in Europe. Brussels: European Commission Directorate General for Research. [4] Ellison, G. (2002), .The Slowdown of the Economics Publishing Process., Journal of Political Economy, 110(5), 947-93. [5] Filistrucchi, L., D. Geradin and E. van Damme (2013), .Identifying Two-sided Markets., World Competition, 36(1), 33-59. [6] Gans, J., Editor, (2000), .Publishing Economics: Analyses of the Academic Journal Market in Economics, Cheltenham, UK: Edward Elgar. [7] Hamermesh, D. S. (1992), .The Young Economist`s Guide to Professional Etiquette., Journal of Economic Perspectives, 6(1), 169-179. [8] Heintzelman, M. and D. Nocetti (2009), .Where Should we Submit our Manuscript? An Analysis of Journal Submission Strategies,.B.E. Journal of Economic Analysis and Policy, 9(1), Advances, Article 39. [9] Hilty, R.M. (2005), .Five Lessons about Copyright in the Information Society: Reaction of the Scienti.c Community to Over-Protection and what Policy Makers Should Learn,.Journal of the Copyright Society of the USA, 53(1-2), 103-38. [10] Jeon D.S. and D. Menicucci (2006), .Bundling Electronic Journals and Competition among Publishers, Journal of the European Economic Association, 4(5), 1038-83. [11] Jeon, D.S. and J.C. Rochet (2010), .The Pricing of Academic Journals: A Two-sided Market Perspective., American Economic Journal: Microeconomics, 2, 222-55. [12] Kóczy, Á.L. and A. Nichifor (2013), .The Intellectual Influence of Economic Journals: Quality and Quantity, Economic Theory, 52(3), 863-84. [13] McCabe, M.J. (2004), .Information Goods and Endogenous Pricing Strategies: The Case of Academic Journals., Economics Bulletin, 12(10), 1-11. [14] McCabe, M.J. and C.M. Snyder (2005), .Open Access and Academic Journal Quality., American Economic Review, Papers and Proceedings, 95(2), 453-8. [15] McCabe, M.J. and C.M. Snyder (2007), .Academic Journal Prices in a Digital Age: A Two- Sided Market Model., The B.E. Journal of Economic Analysis and Policy, 7(1), Contributions, Article 2. [16] McCabe, M.J. and C.M. Snyder (2013a), .The Rich Get Richer and the Poor Get Poorer: The Effect of Open Access on Cites to Science Journals Across the Quality Spectrum., Working Paper (May 2013), available at: http://mccabe.people.si.umich.edu/. [17] McCabe, M.J. and C.M. Snyder (2013b), .Does Online Availability Increase Citations? Theory and Evidence from a Panel of Economics and Business Journals?., Working Paper (March 2013), Revise and Resubmit, Review of Economics and Statistics, available at: http://mccabe.people.si.umich.edu/. [18] McCabe, M.J., C.M. Snyder and A. Fagin (2013), .Open Access versus Traditional Journal Pricing: Using a Simple .Platform Market.Model to Understand WhichWill Win (and Which Should)., Journal of Academic Librarianship, 39, 11-19. [19] Mueller-Langer, F. and R. Watt (2010), .Copyright and Open Access for Academic Works., Review of Economic Research on Copyright Issues, 7(1), 45-65. [20] Oster, S. (1980), .The Optimal Order for Submitting Manuscripts., American Economic Review, 70(3), 444-448. [21] Parker, G.G. and M.W. Van Alstyne (2005), .Two-sided Network E¤ects: A Theory of Information Product Design., Management Science, 51(10), 1494-1504. [22] Rochet, J.C. and J. Tirole (2002), .Cooperation among Competitors: Some Economics of Payment Card Associations, RAND Journal of Economics, 33(4), 549-70. [23] Rochet, J.C. and J. Tirole (2006), .Two-sided Markets: A Progress Report., RAND Journal of Economics, 35(3), 645-67. [24] Rysman, M. (2009), .The Economics of Two-sided Markets, Journal of Economic Perspectives, 23(3), 125-43. [25] Shavell, S. (2010), .Should Copyright of Academic Works be Abolished?., Journal of Legal Analysis, 2(1), 301-58. [26] Suber, P. (2012), "Open Access, Cambridge, MA: MIT Press Essential Knowledge. [27] Towse, R., C. Handke and P. Stepan (2008), .´The Economics of Copyright Law: A Stocktake of the Literature, Review of Economic Research on Copyright Issues, 5(1), 1-22. |