Scholarly Journals Should Be Treated as a Public Good |
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| Abstract: | SUMMARY The thesis that scholarly journals should be treated as public goods is based on five arguments. First, scholarly journal articles have many public good characteristics, and many of their private good characteristics are created by choice. Second, our current system undersupplies students with scholarly journals. Third, the supply chain for journals from publisher to user is burdened by many deadweight losses. Fourth, online publishing might reduce those deadweight losses enough to fund a system freely available to scholars. Finally, treating scholarly journals as public goods can meet the needs of all stakeholders. Explanations of the economic concepts of public good, deadweight loss, and Pareto optima are given to support the arguments. |
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