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Electronic Journals, Prestige, And The Economics Of Academic Journal Publishing, Steven Tötösy De Zepetnek, Joshua Jia

Tötösy de Zepetnek, Steven & Totosy de Zepetnek, Steven

In their article "Electronic Journals, Prestige, and the Economics of Academic Journal Publishing" Steven Tötösy de Zepetnek and Joshua Jia discuss the current state of the academic journal publishing industry. The current state of the industry is an oligopoly based on a double appropriation model where academics produce work for at no cost only to have publishers earn significant profit margins by selling the work back to academics. Publishers are able to do this given the price inelasticity and weak bargaining power of its main consumer, university libraries. Publishers' ability to increase prices is also supported by what the authors …