The for-profit publishing model
For-profit academic publishing restricts public access to peer-reviewed scholarly research, much of which is publicly funded. In this model, peer review is done by other scholars without compensation and authors don't own the rights to their scholarship.
In 2012, for-profit publishers averaged an 18.9% profit rate, compared with Wal-mart's 3.6% and Exxon Mobil's 10.7%. (Fuchs, C., & Sandoval, M. (2013). The diamond model of open access publishing. tripleC, 11(2).)
The Open Access model
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