You may be interested in the following Point of View piece in the latest
issue of Learned Publishing:

Pinfield, S. (2013) Is scholarly publishing going from crisis to crisis?
Learned Publishing , 26 (2), 85-88. http://dx.doi.org/10.1087/20130204.
E-print available at: http://eprints.whiterose.ac.uk/75285/. 

"In an open access world, will journal subscription inflation simply be
replaced by APC inflation? The UK's Finch Report (2012) and subsequent
changes to the Research Councils UK's policy on open access (OA) are likely
to have far-reaching effects in the UK and beyond. Finch and RCUK favour
'gold' OA, replacing post-publication journal subscriptions with
pre-publication article processing charges (APCs). This paper argues that it
is probable that the operation of the market for academic journals will be
improved by gold OA compared with the traditional subscription model because
of APC price competition and greater market transparency. Also, barriers to
entry into the market are lowered, and costs and income in the system are
more likely to stay in sync. Nevertheless, universities need to monitor
developments and exercise their market power in bargaining on subscription
and APC levels. Institutions also need to direct funding streams to allow
authors to pay APCs. At the same time, institutions and policymakers should
continue to leverage the benefits of 'green' OA (depositing in OA
repositories). Evidence suggests gold and green OA can work together to form
a successful scholarly communication environment."


Dr Stephen Pinfield, Senior Lecturer, Information School, University of
Sheffield, Regent Court, 211 Portobello, Sheffield S1 4DP, UK. E:
s.pinfi...@sheffield.ac.uk, T: +44 (0)114 222 2649. W:
http://www.shef.ac.uk/is/staff/pinfield. LinkedIn:
http://uk.linkedin.com/pub/stephen-pinfield/36/b04/831



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