Optimal pricing and quality of academic journals and the ambiguous welfare effects of forced open access: a two-sided model
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.
Year of publication: |
2012-04-25
|
---|---|
Authors: | Mueller-Langer, Frank ; Watt, Richard |
Institutions: | Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München |
Subject: | Open access | academic journals | two-sided market | ambiguous welfare effects of removal of copyright |
Saved in:
freely available
Extent: | application/pdf |
---|---|
Series: | |
Type of publication: | Book / Working Paper |
Classification: | L82 - Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.) ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; O34 - Intellectual Property Rights: National and International Issues |
Source: |
Persistent link: https://www.econbiz.de/10011113614