Abstract: |
Traditionally, the scholarly journal market operates so that research
institutions are charged high prices and the wider public is often excluded
altogether, while authors can usually publish for free and commercial
publishers enjoy high profits.� Two forms of open access regulation can
mitigate these problems: (i) direct price regulation of the form whereby a
journal must charge a price of zero to all readers, or (ii) mandating authors
or publishers to make freely available an inferior substitute to the
publishing paper.� The former policy is likely to result in authors paying to
publish, which may lead to a reduction in the quantity of published papers and
may make authors less willing to publish in selective journals.� Recent UK
policy towards open access is discussed. |