Does Academic Publishing Pass the Real Market Test?

Mark Thornton

Public Choice, 2004, vol. 120, issue 1_2, 61 pages

Abstract: The academic market test is dissected here into its component decision-making processes to establish a basis for comparing the commercial market test that we know, with the one we seek to pass in academia. Important differences between the two markets exist, but the market test for academic publishing does pass muster and may surpass that of the commercial market. This provides an analytical foundation for resolving issues of professional debate concerning who passes the academic market test.

Date: 2004
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