A journal is a club: a new economic model for scholarly publishing
dc.contributor.author | Potts, J. | |
dc.contributor.author | Hartley, John | |
dc.contributor.author | Montgomery, Lucy | |
dc.contributor.author | Neylon, C. | |
dc.contributor.author | Rennie, E. | |
dc.date.accessioned | 2017-12-10T12:40:15Z | |
dc.date.available | 2017-12-10T12:40:15Z | |
dc.date.created | 2017-12-10T12:20:16Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | Potts, J. and Hartley, J. and Montgomery, L. and Neylon, C. and Rennie, E. 2017. A journal is a club: a new economic model for scholarly publishing. Prometheus. 35 (1): pp. 75-92. | |
dc.identifier.uri | http://hdl.handle.net/20.500.11937/59451 | |
dc.identifier.doi | 10.1080/08109028.2017.1386949 | |
dc.description.abstract |
A new economic model for the analysis of scholarly publishing – journal publishing in particular – is proposed that draws on club theory. The standard approach builds on market failure in the private production (by research scholars) of a public good (new scholarly knowledge). In this model, publishing is communication, as the dissemination of information. But a club model views publishing differently: namely as group formation, where members form groups in order to confer externalities on each other, subject to congestion. A journal is a self-constituted group, endeavouring to create new knowledge. In this sense, a journal is a club. The knowledge club model of a journal seeks to balance the positive externalities of a shared resource (readers, citations, referees) against the negative externalities of crowding (decreased prospect of publishing in that journal). A new economic model of a journal as a knowledge club is elaborated. We suggest some consequences for the management of journals and financial models that might be developed to support them. | |
dc.title | A journal is a club: a new economic model for scholarly publishing | |
dc.type | Journal Article | |
dcterms.source.startPage | 1 | |
dcterms.source.endPage | 18 | |
dcterms.source.issn | 0810-9028 | |
dcterms.source.title | Prometheus (United Kingdom) | |
curtin.note |
This is an Author's Original Manuscript of an article published by Taylor & Francis in Prometheus on 31/10/2017, available online at http://www.tandfonline.com/10.1080/08109028.2017.1386949 | |
curtin.department | Department of Internet Studies | |
curtin.accessStatus | Open access |