A journal is a club: a new economic model for scholarly publishing
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, publish...
| Main Authors: | , , , , |
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| Format: | Journal Article |
| Published: |
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/59451 |
| _version_ | 1848760483740385280 |
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| author | Potts, J. Hartley, John Montgomery, Lucy Neylon, C. Rennie, E. |
| author_facet | Potts, J. Hartley, John Montgomery, Lucy Neylon, C. Rennie, E. |
| author_sort | Potts, J. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T10:16:30Z |
| format | Journal Article |
| id | curtin-20.500.11937-59451 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:16:30Z |
| publishDate | 2017 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-594512018-11-01T01:21:28Z A journal is a club: a new economic model for scholarly publishing Potts, J. Hartley, John Montgomery, Lucy Neylon, C. Rennie, E. 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. 2017 Journal Article http://hdl.handle.net/20.500.11937/59451 10.1080/08109028.2017.1386949 fulltext |
| spellingShingle | Potts, J. Hartley, John Montgomery, Lucy Neylon, C. Rennie, E. A journal is a club: a new economic model for scholarly publishing |
| title | A journal is a club: a new economic model for scholarly publishing |
| title_full | A journal is a club: a new economic model for scholarly publishing |
| title_fullStr | A journal is a club: a new economic model for scholarly publishing |
| title_full_unstemmed | A journal is a club: a new economic model for scholarly publishing |
| title_short | A journal is a club: a new economic model for scholarly publishing |
| title_sort | journal is a club: a new economic model for scholarly publishing |
| url | http://hdl.handle.net/20.500.11937/59451 |