Mueller-Langer, Frank and Watt, Richard (2012): Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: a two-sided model.
Download (504Kb) | Preview
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 relationship between readers and authors in a journal. In contrast to previous literature, we firstly show that there exist scenarios in which open access is a feature of high-quality journals. Second, we find that removal of copyright (and thus forced open access) decreases journal profits but has ambiguous social welfare effects.
|Item Type:||MPRA Paper|
|Original Title:||Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: a two-sided model|
|Keywords:||Open access, academic journals, two-sided market, ambiguous welfare effects of removal of copyright|
|Subjects:||L - Industrial Organization > L8 - Industry Studies: Services > L82 - Entertainment; Media
L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O34 - Intellectual Property Rights
|Depositing User:||Frank Müller-Langer|
|Date Deposited:||20. Jul 2012 18:20|
|Last Modified:||16. Feb 2013 00:38|
Armstrong, M. (2006), "Competition in Two-sided Markets", RAND Journal of Economics, 37(3), 668-91.
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.
McCabe, M.J. and C.M. Snyder (2005), "Open Access and Academic Journal Quality", American Economic Review, 95(2); 453-8.
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.
Mueller-Langer, F. and R. Watt (2010), "Copyright and Open Access for Scientific Works", Review of Economic Research on Copyright Issues, 7(1); 45-65.
Shavell, S. (2010), "Should Copyright of Academic Works be Abolished?", Journal of Legal Analysis, 2(1); 301-58.