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The Faustian Grip of Academic Publishing

Author

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  • Robert P. Parks

    (Washington University)

Abstract

The journal acquisition budget of libraries is not increasing at the same rate as subscription rates creating the serials' crisis. Many solutions have been proposed including the freely available electronic journal. However, all the solutions suffer the same Faustian Grip - namely that the actors in the academic publishing game have little or no incentive to stop publishing in the current journals. We examine those incentives concluding that even with a better more efficient technology, the actors will not change from the current academic publishing institution, and the serials' crisis will remain.

Suggested Citation

  • Robert P. Parks, 2002. "The Faustian Grip of Academic Publishing," Microeconomics 0202005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpmi:0202005
    Note: Type of Document - Adobe pdf; prepared on Win 95; to print on HP; pages: 17 ; figures: included
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mic/papers/0202/0202005.pdf
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    Cited by:

    1. Julia Gross & John Charles Ryan, 2015. "Landscapes of Research: Perceptions of Open Access (OA) Publishing in the Arts and Humanities," Publications, MDPI, vol. 3(2), pages 1-24, April.
    2. Matteo Migheli & Giovanni Battista Ramello, 2018. "The market of academic attention," Scientometrics, Springer;Akadémiai Kiadó, vol. 114(1), pages 113-133, January.
    3. Pedro Cosme Vieira & Aurora A. C. Teixeira, 2010. "Are finance, management, and marketing autonomous fields of scientific research? An analysis based on journal citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 85(3), pages 627-646, December.
    4. Daniel Graziotin & Xiaofeng Wang & Pekka Abrahamsson, 2014. "A framework for systematic analysis of open access journals and its application in software engineering and information systems," Scientometrics, Springer;Akadémiai Kiadó, vol. 101(3), pages 1627-1656, December.
    5. Piero Cavaleri & Michael Keren & Giovanni B. Ramello & Vittorio Valli, 2009. "Publishing an E-Journal on a Shoe String: Is It a Sustainable Project?," Economic Analysis and Policy, Elsevier, vol. 39(1), pages 89-101, March.
    6. Sandra T. Silva & Aurora A.C. Teixeira, 2007. "On the divergence of research paths in evolutionary economics: a comprehensive bibliometric account," Papers on Economics and Evolution 2006-24, Philipps University Marburg, Department of Geography.
    7. Matteo Migheli & Giovanni Ramello, 2013. "Open access, social norms and publication choice," European Journal of Law and Economics, Springer, vol. 35(2), pages 149-167, April.
    8. Bo-Christer Björk & Patrik Welling & Mikael Laakso & Peter Majlender & Turid Hedlund & Guðni Guðnason, 2010. "Open Access to the Scientific Journal Literature: Situation 2009," PLOS ONE, Public Library of Science, vol. 5(6), pages 1-9, June.

    More about this item

    Keywords

    serials crisis journal pricing academic publishing;

    JEL classification:

    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing

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