Article Processing Charge Hyperinflation and Price Insensitivity: An Open Access Sequel to the Serials Crisis

Authors

  • Shaun Yon-Seng Khoo Université de Montréal

DOI:

https://doi.org/10.18352/lq.10280

Keywords:

open access, author choice, journal selection, article processing charge, price sensitivity, hyperinflation

Abstract

Open access publishing has frequently been proposed as a solution to the serials crisis, which involved unsustainable budgetary pressures on libraries due to hyperinflation of subscription costs. The majority of open access articles are published in a minority of journals that levy article processing charges (APCs) paid by authors or their institutions upon acceptance. Increases in APCs is proceeding at a rate three times that which would be expected if APCs were indexed according to inflation. As increasingly ambitious funder mandates are proposed, such as Plan S, it is important to evaluate whether authors show signs of price sensitivity in journal selection by avoiding journals that introduce or increase their APCs. Examining journals that introduced an APC 4-5 years after launch or when flipping from a subscription model to immediate open access model showed no evidence that APC introduction reduced article volumes. Multilevel modelling of APC sensitivity across 319 journals published by the four largest APC-funded dedicated commercial open access publishers (BMC, Frontiers, MDPI, and Hindawi) revealed that from 2012 to 2018 higher APCs were actually associated with increased article volumes. These findings indicate that APC hyperinflation is not suppressed through market competition and author choice. Instead, demand for scholarly journal publications may be more similar to demand for necessities, or even prestige goods, which will support APC hyperinflation to the detriment of researchers, institutions, and funders.

Author Biography

Shaun Yon-Seng Khoo, Université de Montréal

Department of Pharmacology and Physiology, Faculty of Medicine, Université de Montréal, Montreal, QC, Canada

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Published

2019-05-09

How to Cite

Khoo, S. Y.-S. (2019). Article Processing Charge Hyperinflation and Price Insensitivity: An Open Access Sequel to the Serials Crisis. LIBER Quarterly: The Journal of the Association of European Research Libraries, 29(1), 1–18. https://doi.org/10.18352/lq.10280

Issue

Section

Articles
Received 2019-04-05
Published 2019-05-09