The Pricing of Academic Journals: A Two-Sided Market Perspective
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Publication Details
Output type: Journal article
Author list: Jeon DS, Rochet JC
Publisher: American Economic Association
Publication year: 2010
Journal: American Economic Journal: Microeconomics (1945-7669)
Volume number: 2
Issue number: 2
Start page: 222
End page: 255
Number of pages: 34
ISSN: 1945-7669
eISSN: 1945-7685
Languages: English-Great Britain (EN-GB)
Unpaywall Data
Open access status: green
Full text URL: http://publications.ut-capitole.fr/3409/1/pricing_journals.pdf
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. (JEL L11, L82)
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