While several contract designs exist, the ‘publish-and-read’ (PAR) scheme is the one that comes closest to the ideal of an entirely open access environment: Publishers are paid a fixed case-by-case rate for each publication, which includes a fee for their extensive libraries. In turn, all subscription payments are waived. I theoretically derive that this contract design benefits the included publishers regardless of whether the number of publications in these publishers’ journals grows or declines. Consequently, widespread PAR contracts are likely to raise entry barriers for new (open-access) competitors even further.
https://arxiv.org/abs/2403.03597
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