Archives des mots-clés : business models

Is open access disrupting the journal business? A perspective from comparing full adopters, partial adopters, and non-adopters

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Author : Xijie Zhang

Two decades after the inception of open access publishing (OA), its impact has remained a focal point in academic discourse. This study adopted a disruptive innovation framework to examine OA’s influence on the traditional subscription market. It assesses the market power of gold journals (OA full adopters) in comparison with hybrid journals and closed-access journals (partial adopters and non-adopters). Additionally, it contrasts the market power between hybrid journals (partial adopters) and closed-access journals (non-adopters).

Using the Lerner index to measure market power through price elasticity of demand, this study employs difference tests and multiple regressions. These findings indicate that OA full adopters disrupt the market power of non-adopting incumbents. However, by integrating the OA option into their business models, partial adopters can effectively mitigate this disruption and expand their influence from the traditional subscription market to the emerging OA paradigm.

URL : Is open access disrupting the journal business? A perspective from comparing full adopters, partial adopters, and non-adopters

DOI : https://doi.org/10.1016/j.joi.2024.101574

How transformative agreements are actually transforming the subscription system: a society publisher’s perspective

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Authors : Graham Anderson, Jade Heyman, Maggie Simmons

Transformative agreements (TAs) are useful tools to accelerate the growth in open access (OA) for small publishers with limited resources, such as the three discussing the advantages and impact of TAs in this article.

The Royal Society, the Microbiology Society and the Geological Society observe an uptake in OA output with the increase in demand for TAs. While TA models differ across publishers, successful and sustainable models are characterized by transparency in pricing and data, simplicity, equitability and above all a transformation objective of achieving full OA.

Collaboration with institutions and consortia is key to realizing mutual goals and managing the agreement and implementation of complex arrangements with limited resources. The Royal Society, with over 320 institutions opted in, the Microbiology Society with over 250 and the Geological Society with over 40, are all mobilizing their resources and improving their systems to move away from paywall and subscription models.

URL : How transformative agreements are actually transforming the subscription system: a society publisher’s perspective

DOI : http://doi.org/10.1629/uksg.579

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

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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

Self-help for learned journals: Scientific societies and the commerce of publishing in the 1950s

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Author : Aileen Fyfe

In the decades after the Second World War, learned society publishers struggled to cope with the expanding output of scientific research and the increased involvement of commercial publishers in the business of publishing research journals.

Could learned society journals survive economically in the postwar world, against this competition? Or was the emergence of a sales-based commercial model of publishing – in contrast to the traditional model of subsidized journal publishing – an opportunity to transform the often-fragile finances of learned societies?

But there was also an existential threat: if commercial firms could successfully publish scientific journals, were learned society publishers no longer needed? This paper investigates how British learned society publishers adjusted to the new economic realities of the postwar world, through an investigation of the activities organized by the Royal Society of London and the Nuffield Foundation, culminating in the 1963 report Self-Help for Learned Journals.

It reveals the postwar decades as the time when scientific research became something to be commodified and sold to libraries, rather than circulated as part of a scholarly mission. It will be essential reading for all those campaigning to transition academic publishing – including learned society publishing – away from the sales-based model once again.

URL : Self-help for learned journals: Scientific societies and the commerce of publishing in the 1950s

DOI : https://doi.org/10.1177/0073275321999901

 

Transformation: the future of society publishing

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Authors : Tasha Mellins-Cohen, Gaynor Redvers-Mutton

The release in September 2018 of Plan S has led many small and society publishers to examine their business models, and in particular ways to transform their journals from hybrids into pure open access (OA) titles.

This paper explores one means by which a society publisher might transform, focused specifically on the institutional set-price publish and read (P&R) package being developed by the Microbiology Society based on assessments of: the geographic diversity of our author and subscriber bases; trends in article numbers, article costs and revenues; the administrative complexity of the options; and the reputational and financial risks to the Society associated with the package.

We outline the process we followed to calculate the financial and publishing implications of P&R at different price points, and share our view that these kinds of packages are a stop on the way to new models of OA that do not rely on article processing charges (APCs).

Our hope is that in sharing our experience, we will contribute to a collective best practice about how to transform society publishing.

URL : Transformation: the future of society publishing

DOI : http://doi.org/10.1629/uksg.486

Article processing charges: Mirroring the citation impact or legacy of the subscription-based model?

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Author : Nina Schönfelder

With the ongoing open-access transformation, article processing charges (APCs) are gaining importance as one of the main business models for open-access publishing in scientific journals.

This paper analyzes how much of APC pricing can be attributed to journal-related factors. With UK data from OpenAPC (which aggregates fees paid for open-access articles by universities, funders, and research institutions), APCs are explained by the following variables: (1) the “source normalized impact per paper” (SNIP), (2) whether the journal is open access or hybrid, (3) the publisher of the journal, (4) the subject area of the journal, and (5) the year.

The results of the multivariate linear regression show that the journal’s impact and the hybrid status are the most important factors for the level of APCs. However, the relationship between APC and SNIP is different for open-access journals and hybrid journals.

APCs paid to open-access journals were found to be strongly increasing in conjunction with higher journal citation impact, whereas this relationship was observed to be much looser for articles in hybrid journals.

This paper goes beyond simple statistics, which have been discussed so far in the literature, by using control variables and applying statistical inference.

URL : Article processing charges: Mirroring the citation impact or legacy of the subscription-based model?

DOI : https://doi.org/10.1162/qss_a_00015

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

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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