Funding: The Open Society Institute
Summary: A new business model for scholarly journals, open access, has gained wide attention recently. An open-access journal's articles are available over the Internet free of charge to all readers; revenue to cover publication costs comes from authors' fees. In this project we will construct an economic model of the journals market. We will use the model to determine if and under what conditions the open access model is (a) competitively viable and (b) socially efficient.