Tony Ross-Hellauer and Benedikt Fecher have published "Journal Flipping or a Public Open Access Infrastructure? What Kind of Open Access Future Do We Want?" in LSE Impact of Social Sciences.
Here's an excerpt:
Open access (OA) is advocated by science funders, policymakers and researchers alike. It will most likely be the default way of publishing in the not-so-distant future. Nonetheless, the dominant approach to achieve OA at the moment—journal flipping—could have adverse long-term effects for science. To try to stir debate, we here present two dichotomic scenarios for open access in 20 years' time [journal flipping vs. a public open access infrastructure].