Optimal Pricing and Quality of Academic Journals and the Ambiguous Welfare 
Effects of Forced Open Access: A Two-sided Model

Mueller-Langer, Frank; Watt, Richard

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Optimal Pricing and Quality of Academic Journals and the Ambiguous Welfare Effects of Forced Open Access: A Two-sided Model

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Mueller-Langer, Frank
MPI for Intellectual Property and Competition Law, Max Planck Society;

Externe Ressourcen

http://www.ratswd.de/dl/RatSWD_WP_223.pdf
(Preprint)

https://doi.org/10.1002/mde.3375
(Verlagsversion)

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Zitation

Mueller-Langer, F., & Watt, R. (2013). Optimal Pricing and Quality of Academic Journals and the Ambiguous Welfare Effects of Forced Open Access: A Two-sided Model. RatSWD Working Paper, No. 223.

Zitierlink: https://hdl.handle.net/11858/00-001M-0000-0019-1586-F

Zusammenfassung

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 highquality 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.