2016
DOI: 10.2139/ssrn.2763975
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A Journal is a Club: A New Economic Model for Scholarly Publishing

Abstract: 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 c… Show more

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Cited by 11 publications
(15 citation statements)
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“…Indeed, scholarly journals connect members of academic communities (Potts, Hartley, Montgomery, Neylon, and Rennie 2017). Editorial boards of journals constitute a first layer of such a community.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…Indeed, scholarly journals connect members of academic communities (Potts, Hartley, Montgomery, Neylon, and Rennie 2017). Editorial boards of journals constitute a first layer of such a community.…”
Section: Introductionmentioning
confidence: 99%
“…A second social community gathered around scholarly journals is constituted by the authors of the published articles. While many studies exist about authorship and co-authorship, only a few are focused on the communities of authors of specific journals (Potts, Hartley, Montgomery, Neylon, and Rennie 2017). In turn, it is possible to work analogously to the IE network by considering the journal network generated by the scholars authoring papers in different journals.…”
Section: Introductionmentioning
confidence: 99%
“…They even compete on the basis of journal prestige, reputation and Impact Factor (Solomon, 2014), albeit with a heavier emphasis on soundness and number of publications (that is, capacity) rather than exclusivity and "excellence". Even when the criteria for inclusion is only soundness, membership in the club of authors still provides a prestige benefit: that the doors of the club are more open does not necessarily mean that there is no benefit to membership (Potts et al, 2016).…”
Section: What Is "Excellence"?mentioning
confidence: 99%
“…Since their inception in the 17th century, scholarly societies and associations (learned societies) have published research results and related news for the purpose of advancing knowledge in the covered disciplines (Potts, Hartley, Montgomery, Neylon, & Rennie, 2016;Spier, 2002). Society publications are distributed as a benefit of membership or in exchange for subscription fees.…”
Section: Scholarly Society Publishingmentioning
confidence: 99%
“…Scholarly societies "are in a unique position to effectively disseminate research to policy makers, educators and the public as part of a cohesive message, something rarely done by independent publishers because it is not part of their mission" (Schloss et al, 2017, p. 4). In contrast, commercial publishers return very little revenue to the source of the content they publish, the scholarly community (Morgan, 2016;Potts, et al, 2016). Society publications advance knowledge in their respective disciplines, and society funds are reinvested into the discipline through research, education, and advocacy.…”
Section: Scholarly Society Publishingmentioning
confidence: 99%