Abstract
Authors’ names are listed in alphabetical order. This article describes the Open Access eXchange (OAeX) project, a pragmatic and comprehensive economic model and fundraising platform for open scholarship initiatives. OAeX connects bidders with funders at scale and right across the open scholarship spectrum through crowdfunding: financial expenditure is regulated by a market of freely competing providers and financial transactions and transparency are assured by a clearing-house entity. Specifically, OAeX seeks to facilitate open access publishing without the barrier of article processing charges (APCs), as well as contribute to solving challenges of transparency and economic sustainability in open scholarship projects in the broader sense.
Highlights
This article seeks to contribute to addressing the various open scholarship funding challenges from the perspective of economic modelling
For the purpose of conceptual clarity, the emphasis in this paper is placed on the example of open access (OA) journal publishing
This section describes an instance of Open Access eXchange (OAeX) in practice, taking the example of a university press seeking funding to support the operations of a peer-reviewed journal intending to flip to no-fee OA
Summary
This article seeks to contribute to addressing the various open scholarship funding challenges from the perspective of economic modelling. Libraries are entering transformative open access agreements with publishers,[28] doubts remain regarding equity and the ability to control prices within this model.[29] Against this backdrop, commercial publishers seek to maintain the initiative by controlling the direction that academic publishing reform may take, within the context and the possibilities of a fast-moving digital ecosystem.[30] Both subscription and APC models are heavily debated in the academic community and are hermeneutically contested in praxis and in the literature.[31] Other challenges relating to entrenched socio-cultural publishing and research-assessment practices, such as the misuse of bibliometrics[32] and the prevalence of prestige economies in academia,[33] are well documented[34] and will not be further discussed here.
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