Efficiency, Journal Publishing and Scholarly Research
Middlebury College Economics Working Paper No. 2004-19
21 Pages Posted: 15 Mar 2005
Date Written: September 11, 2004
This paper explores the transmission process of scholarly information as it pertains to journals and argues that the process is highly inefficient and plagued by rent-seeking. While this issue has been much discussed in the literature, that earlier literature has not sufficiently addressed two central issues that we argue are central to any successful reform: the need to establish a hard publishing constraint in any alternative system, and the need for reform to concentrate not on establishing new institutions, but on getting incentives right for scholars by having the incentives scholars face direct them to the most cost efficient outlet for their research.
Keywords: Journal pricing, scholarly research,
JEL Classification: A1, L3, L31
Suggested Citation: Suggested Citation