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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | The pricing of academic journals: a two-sided market perspective |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | American Economic Journal: Microeconomics |
| Publisher | American Economic Association |
| Geographical Reach | international |
| ISSN | 1945-7669 |
| Volume | 2 |
| Number | 2 |
| Page Range | 222 - 255 |
| Date | 2010 |
| Abstract Text | 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. |
| Digital Object Identifier | 10.1257/mic.2.2.222 |
| Other Identification Number | merlin-id:441 |
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