Game theory and scholarly publishing: premises for an agreement around open access

Author : Abdelghani Maddi

Stakeholders in research and scientific publishing are gradually joining the Open-Access (OA) movement, which is gaining momentum to become nowadays at the heart of scientific policies in high-income countries.

The rise of OA generates profound changes in the chain of production and dissemination of knowledge. Free access to peer-reviewed research methods and results has contributed to the dynamics of science observed in recent years.

The modes of publication and access have also evolved; the classic model, based on journal subscriptions is gradually giving way to new economic models that have appeared with the arrival of OA.

The objective of this article is twofold. First, propose a model for the publishing market based on the literature as well as on changes in open science policies. Second, analyze publishing strategies of publishers and institutions.

To do so, we relied on game theory in economics. Results show that in the short term, the publisher’s equilibrium strategy is to adopt a hybridpublishing model, while the institutions’ equilibrium strategy is to publish in OA.

This equilibrium is not stable and that in the medium/long term, the two players will converge on an OA publishing strategy. The analysis of the equilibrium in mixed-strategies confirms this result.

URL : https://hal.archives-ouvertes.fr/hal-03265171v2

The Impact of the German ‘DEAL’ on Competition in the Academic Publishing Market

Authors : Justus Haucap, Nima Moshgbar, Wolfgang Benedikt Schmal

The German DEAL agreements between German universities and research institutions on the one side and Springer Nature and Wiley on the other side facilitate easy open access publishing for researchers located in Germany.

We use a dataset of all publications in chemistry from 2016 to 2020 and apply a difference-in-differences approach to estimate the impact on eligible scientists’ choice of publication outlet.

We find that even in the short period following the conclusion of these DEAL agreements, publication patterns in the field of chemistry have changed, as eligible researchers have increased their publications in Wiley and Springer Nature journals at the cost of other journals.

From that two related competition concerns emerge: First, academic libraries may be, at least in the long run, left with fewer funds and incentives to subscribe to non-DEAL journals published by smaller publishers or to fund open access publications in these journals.

Secondly, eligible authors may prefer to publish in journals included in the DEAL agreements, thereby giving DEAL journals a competitive advantage over non-DEAL journals in attracting good papers.

Given the two-sided market nature of the academic journal market, these effects may both further spur the concentration process in this market.

URL : https://ssrn.com/abstract=3815451

Business as Usual with Article Processing Charges in the Transition towards OA Publishing: A Case Study Based on Elsevier

Author : Sergio Copiello

This paper addresses the topic of the article processing charges (APCs) that are paid when publishing articles using the open access (OA) option. Building on the Elsevier OA price list, company balance sheet figures, and ScienceDirect data, tentative answers to three questions are outlined using a Monte Carlo approach to deal with the uncertainty inherent in the inputs.

The first question refers to the level of APCs from the market perspective, under the hypothesis that all the articles published in Elsevier journals exploit the OA model so that the subscription to ScienceDirect becomes worthless.

The second question is how much Elsevier should charge for publishing all the articles under the OA model, assuming the profit margin reduces and adheres to the market benchmark.

The third issue is how many articles would have to be accepted, in an OA-only publishing landscape, so that the publisher benefits from the same revenue and profit margin as in the recent past.

The results point to high APCs, nearly twice the current level, being required to preserve the publisher’s profit margin. Otherwise, by relaxing that constraint, a downward shift of APCs can be expected so they would tend to get close to current values. Accordingly, the article acceptance rate could be likely to grow from 26–27% to about 35–55%.

URL : Business as Usual with Article Processing Charges in the Transition towards OA Publishing: A Case Study Based on Elsevier

DOI : https://doi.org/10.3390/publications8010003

The Pricing of Open Access Journals: Diverse Niches and Sources of Value in Academic Publishing

Authors : Kyle Siler, Koen Frenken

Open Access (OA) publishing has created new academic and economic niches in contemporary science. OA journals offer numerous publication outlets with varying editorial philosophies and business models.

This article analyzes the Directory of Open Access Journals (DOAJ) (N=12,127) to identify characteristics of OA academic journals related to the adoption of Article Processing Charge (APC)-based business models, as well as price points of journals that charge APCs. Journal Impact Factor (JIF), language, publisher mission, DOAJ Seal, economic and geographic regions of publishers, peer review duration and journal discipline are all significantly related to the adoption and pricing of journal APCs.

Even after accounting for other journal characteristics (prestige, discipline, publisher country), journals published by for-profit publishers charge the highest APCs. Journals with status endowments (JIF, DOAJ Seal), articles written in English, published in wealthier regions, and in medical or science-based disciplines are also relatively costlier.

The OA publishing market reveals insights into forces that create economic and academic value in contemporary science. Political and institutional inequalities manifest in the varying niches occupied by different OA journals and publishers.

URL : The Pricing of Open Access Journals: Diverse Niches and Sources of Value in Academic Publishing

DOI : https://doi.org/10.1162/qss_a_00016

Determinants of Article Processing Charges for Medical Open Access Journals

Author : Sumiko Asai

For-profit subscription journal publishers recently have extended their publishing range from subscription journals to numerous open access journals, thereby strengthening their presence in the open access journal market.

This study estimates the article processing charges for 509 medical open access journals using a sample selection model to examine the determinants of the charges.

The results show that publisher type tends to determine whether the journal charges an article processing charge as well as the level of the charge; and frequently cited journals generally set higher article processing charges. Moreover, large subscription journal publishers tend to set higher article processing charges for their open access journals after controlling for other factors.

Therefore, it is necessary to continue monitoring their activities from the viewpoint of competition policy.

DOI : http://dx.doi.org/10.3998/3336451.0022.103

Bibliodiversity in Practice: Developing Community-Owned, Open Infrastructures to Unleash Open Access Publishing

Authors : Lucy Barnes, Rupert Gatti

Academic publishing is changing. The drive towards open access publishing, which is being powered in the UK by funding bodies (SHERPA Juliet), the requirements of REFs 2021 (UKRI) and 2027 (Hill 2018), and Europe-wide movements such as the recently-announced Plan S (‘About Plan S’), has the potential to shake up established ways of publishing academic research.

Within book publishing, the traditional print formats and the conventional ways of disseminating research, which are protected and promoted by a small number of powerful incumbents, are being challenged.

Academic publishing, and academic book publishing, is at a crossroads: will it find ways to accommodate open access distribution within its existing structures?

Or will new systems of research dissemination be developed? And what might those new systems look like?In this article we look at the main features of the existing monograph publication and distribution ecosystem, and question the suitability of this for open access monographs.

We look specifically at some of the key economic characteristics of the monograph publishing market and consider their implications for new infrastructures designed specifically to support open access titles.

The key observations are that the production of monographs displays constant returns to scale, and so can (and does) support large numbers of publishing initiatives; at the same time the distribution and discovery systems for monographs display increasing returns to scale and so naturally leads to the emergence of a few large providers.

We argue that in order to protect the diversity of players and outputs within the monograph publishing industry in the transition to open access it is important to create open and community-managed infrastructures and revenue flows that both cater for different business models and production workflows and are resistant to take over or control by a single (or small number) of players.

URL : https://hal.archives-ouvertes.fr/hal-02175276/

 

Let It Flow: The Monopolization of Academic Content Providers and How It Threatens the Democratization of Information

Author : Dana Lachenmayer

The monopolization of academic journal publishers concentrates power and valuable information into the hands of a few players in the marketplace. It has detrimental effects on how information flows and is accessed.

This, in turn, has profound effects on how a nation progresses. Placed in a theoretical framework, utilizing the marketplace of ideas and the economies that coincide, this article takes a look at the history of Elsevier in order to chart this course toward monopolization.

It exhibits the effect it has already had on the academic community, while offering two models of Open Access as a much sounder option.

DOI : https://doi.org/10.1080/0361526X.2018.1556189