Efficiency, Journal Publishing and Scholarly Research

Middlebury College Economics Working Paper No. 2004-19

21 Pages Posted: 15 Mar 2005

See all articles by David Colander

David Colander

Middlebury College - Department of Economics

Terry Plum

Middlebury College - Department of Economics

Date Written: September 11, 2004

Abstract

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

Colander, David and Plum, Terry, Efficiency, Journal Publishing and Scholarly Research (September 11, 2004). Middlebury College Economics Working Paper No. 2004-19, Available at SSRN: https://ssrn.com/abstract=686332 or http://dx.doi.org/10.2139/ssrn.686332

David Colander

Middlebury College - Department of Economics ( email )

Munroe Hall
Middlebury, VT 05753
United States
802-443-5302 (Phone)

Terry Plum (Contact Author)

Middlebury College - Department of Economics ( email )

Munroe Hall
Middlebury, VT 05753
United States

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