All posts by Pablo Markin

As Journal Subscription Fees Exhaust Library Budgets, Universities Mandate Open Access Preprint Repository Publishing

Author: Pablo Markin
Published Online: 2017-12-16
URL: http://openscience.com/as-journal-subscription-fees-exhaust-library-budgets-universities-mandate-open-access-preprint-repository-publishing/

Given that at some universities, such as the University of California San Francisco, journal subscriptions consume approximately 85% of collections budgets, switching to Open Access peer-reviewed pre-print repositories becomes an enticing alternative to toll-based scientific journals.


Excerpt

The financial data of the University of California San Francisco for the year 2017 tally up its annual spending on collective and specialist journal subscriptions at 60 million USD, which leaves only 15% of budgets which its branch and online libraries have to share for other content acquisitions. These figures showcase the situation of university and research libraries around the world that are confronted with the global scientific publishing industry in which private companies have the market share of 65% and approximately 85% of content is protected by paywalls. Moreover, in recent years the subscription fees to the highest-ranking scientific journals have grown at steeper yearly rates than the journal publishing market average of 6%.

This condition of the journal publishing market, which is financially unsustainable even for the richest academic and research institutions in the West, also precludes access to most recent scientific findings to those who cannot afford to shoulder ever increasing subscription fees. For this reason, universities increasingly call for a switch to Open Access preprint repositories as default-choice publishing venues for the output of their researchers and faculty. In other words, Western academic leaders, such as Prof. Keith Yamamoto, acting as a vice chancellor for the science policy and strategy of the University of California San Francisco, mandate a blanket adoption of preprint repositories, e.g., New Zealand’s Tuwhera, as valid alternatives to tall-protected journals, given that these repositories are expected to be furnished with editorial boards and peer-review procedures the costs of which are slated to be covered by internal and external, non-profit funding.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Hybrid Open Access Journals Could Facilitate Transitions to Gold Open Access Models in the Publishing Industry

Author: Pablo Markin
Published Online: 2017-12-12
URL: http://openscience.com/hybrid-open-access-journals-could-facilitate-transitions-to-gold-open-access-models-in-the-publishing-industry/

As recent literature reviews and findings from the United Kingdom higher education institutions suggest, for universities the costs of publishing in hybrid Open Access journals is significantly higher than in Gold Open Access ones, due to optional article processing charges (APCs) for Open Access publishing and subscription fees they involve, even though APC-based Open Access journals have been found to demonstrate higher impact factors and submission performance than Open Access journals without APCs.


Excerpt

In his analysis of the Open Access market published online on February 19, 2017, Bo-Christer Björk suggests that the Open Access market is affected not only by the rivalry among its biggest players, such as Elsevier, Wiley-Blackwell, Springer Nature and Taylor & Frances, by also by the relatively limited bargaining power of scientific authors, academic editors and manuscript reviewers, the continued selectivity of journal indexing services, and the threat of substitution that institutional repositories, such as arXiv.org, post to journals. Furthermore, as Open Access journal publishers continue to increase competition in this market, university libraries and consortia gradually augment their bargaining power over the terms of journal subscription contracts, especially as switching to Open Access becomes increasingly feasible for researchers and authors, as Open Access mandates proliferate and funding for APCs becomes widely accessible, such as through the Austrian Science Fund and Wellcome Trust. […]

Therefore, for the publishing market, hybrid or Green Open Access journals can represent transitional models, such as in combination with third party-financed cost offsetting arrangements, toward Gold Open Access the models for the implementation of which continue to be in flux.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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The Short-Term and Long-Term Effects of Open Access Transitions on Library Budgets in Britain and Germany

Author: Pablo Markin
Published Online: 2017-12-08
URL: http://openscience.com/the-short-term-and-long-term-effects-of-transitions-to-open-access-on-library-budgets-a-comparison-of-germany-and-britain/

As recent media reports indicate, a significant impact of Open Access transitions on university and library costs related to scientific journal subscriptions can primarily be expected in the long term, if no concerted measures by academic institutions are undertaken. By contrast, short-term subscription cost reductions are likely to demand contract renegotiations. In both cases, Open Access is an integral part of changing the model based on which the journal publishing market operates.


Excerpt

In a news brief from December 5, 2017, The Times Higher Education has recently recapitulated the key findings of a recent report on the transition to Open Access in the United Kingdom (UK) appearing on December 5, 2017. Based on spending data from a sample of 10 UK universities for the period between 2013 and 2016, this report indicates that journal subscription costs of these institutions have increased by 20% in this time span. In other words, this publication argues that in this period transitioning to Open Access not only has not lead to a significant reduction in university library subscription budgets, but was also accompanied by growing expenditures for both subscriptions that have reached 16.7 million GBP and article processing charges (APCs) which have amounted to 3.4 million GBP in 2016.

Yet, while report authors, such as Michael Jubb, express their concern about the rise in overall journal access- and publication-related costs, disentangling the short- and long-term perspectives on these data could be instructive. More specifically, it is difficult to expect Open Access have a significant effect on journal subscription costs in the studied period, since large publishers, such as Elsevier, have continued to be successful in renewing their journal access contracts with British universities, the growing popularity of Open Access notwithstanding. All things being equal, in the short-term without systemic changes the adoption of Open Access is likely to add to university costs, such as through APCs, especially if these academic institutions do not renegotiate their extant subscription agreements.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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The Directory of Open Access Books’ Growth Accelerates Despite Download Format and License Heterogeneity

Author: Pablo Markin
Published Online: 2017-12-04
URL: http://openscience.com/the-directory-of-open-access-books-accelerates-its-growth-despite-download-format-and-access-license-heterogeneity/

As the Directory of Open Access Books has reached 10,000 titles in its catalogue in late 2017, it reflects an accelerated pace at which publishers join this Open Access initiative and make available their books and chapters to international audiences. Yet, only a minor share of these electronic publications is scientific, they entail a wide variety of licensing conditions, and are accessible in a variety of digital formats.


Excerpt

In its press release published on November 24, 2017, the Directory of Open Access Books (DOAB) has celebrated the increasing speed at which it has added new titles the total of which rose from circa 4,000 in 2015 to 6,000 in 2016 and from over 6,000 to more than 10,000 in 2017. In recent years, this accelerating expansion of the DOAB’s catalogue has been matched by the increasingly growing ranks of its supporting publishers that climbed from approximately 130 in 2015 to over 160 in 2016 and from the latter level to almost 250 in 2017, which represents one of its most significant membership growth spurts since 2011. More specifically, in no small part this development is owed to OpenEdition’s addition of approximately 40 Open Access book publishers from its partner network to the DOAB, which has contributed over 2,000 new titles to its directory.

This impressive yearly growth of the DOAB of over 65% and 40% in titles listed and participating publishers for the 2016-2017 period respectively is, thus, a result of the growing adoption of Open Access by scholarly book publishers, such as De Gruyter. As one of DOAB’s sponsors, De Gruyter, whose activity in the Open Access sector dates to 2005, has made available over 1,000 books that either it or its partners publish in Open Access by December 2017. In a whitepaper on the effect of Open Access on the usage of scholarly books authored by Christina Emery, Mithu Lucraft, Agata Morka and Ros Pyne that Springer Nature, another partner of the DOAB, published in November 2017, it is argued that books published in Gold Open Access demonstrate significantly higher performance than non-Open Access publications in terms of chapter downloads, book citations and online mentions.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Open Source Software Adds to Collaboration, Transparency and Reproducibility in Archaeology

Author: Pablo Markin
Published Online: 2017-11-30
URL: http://openscience.com/open-source-software-contributes-to-project-collaboration-research-transparency-and-reproducibility-in-archeology/

A recent empirical study by Néhémie Strupler and Toby C. Wilkinson demonstrates that openly accessible digital tools, such as open-source Git and R platforms, can increase the transparency of archaeological fieldwork, while adding methodological rigor to its procedures.


Excerpt

While archaeology as a science is associated with limitations to the open dissemination, controlled reproduction and independent validation of its findings, the principles of Open Science, as Strupler and Wilkinson argue in their research article published in October 2017 in the Open Access journal Open Archaeology, can contribute to the mitigation of these methodology shortcomings this discipline has. Given that archaeological studies frequently reuse previous findings, engage in comparative research and rely on cross-validation by other scholars operating in this field of inquiry, closed access to extant literature creates barriers to the advancement of archaeology.

Nevertheless, archeologists have been reluctant to adopt Open Access and Open Data, due to their concerns over intellectual property rights, low incentives for primary data sharing and limited author attribution possibilities. Moreover, in this discipline Open Access has been making limited inroads, because it increases the degree of peer and public scrutiny that publications attract, may demand additional due diligence concerning research ethics, e.g., in relation to heritage protection, and can trigger undesired publicity, if findings relate to politically sensitive topics. However, under the impact of governmental policies and funder mandates, archaeological researchers increasingly opt for Open Access and Open Data, while making efforts to establish good practice standards, develop analytical reproducibility procedures for their respective findings and keep track of multiple-format data that fieldwork generates for subsequent storage, reuse and sharing.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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A Growing Number of International Open Access Initiatives Are Launched by Scientific Associations

Author: Pablo Markin
Published Online: 2017-11-26
URL: http://openscience.com/a-growing-number-of-international-open-access-initiatives-are-launched-by-scientific-associations-and-organizations/

As the august American Association for the Advancement of Science (AAAS) founded in 1848 and publishing Science and other scientific journals, has announced on November 21, 2017, its Science Partner Journals initiative for Open Access publications, it has joined the larger trend of academic institutions making transitions to Open Access publishing.


Excerpt

Seeking to enter into collaborative relations with international scientific societies, institutions and foundations, the AAAS seeks to position its Science Partner Journals digital program in the high-quality sector of Open Access publishing, while banking on its reputation, visibility and expertise, in order to increase the accessibility of scientific findings to research organizations around the world. To pull off this initiative that intends to publish its articles under a generic Creative Commons license (CC BY), the AAAS has partnered with Hindawi as a publishing services provider, which indicates that this association did not have sufficient internal resources to go this project alone.

Since organizations joining this program will be editorially responsible for the content they publish, such as in respect to peer review and author relations services, it follows that the Science Partner Journal will be able to accommodate both the launch of new journals and the conversion of existing publication into Open Access. In this respect, a study by Reinhold Haux et al., published in 2016, indicates that Open Access is increasingly perceived by the international scientific community as an adequate format for disseminating research results, which has led to multiple cases flipping established journals, e.g., Methods of Information in Medicine, into one of existing Open Access models. These Open Access transformations are spurred by both government-supported mandates and available funding for transitioning subscription-based journals into Open Access, despite the concerns that may raise.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Case Study Findings Show Transitioning Scientific Journals to Gold Open Access is Feasible and Sustainable

Author: Pablo Markin
Published Online: 2017-11-20
URL: http://openscience.com/case-study-findings-show-transitioning-large-scale-scientific-journals-to-gold-open-access-is-feasible-and-sustainable/

The successful conversion of RSC Advances published by the Royal Society of Chemistry into Gold Open Access since October 2016 indicates the maturity of the Open Access model, its acceptance by the scientific community and the continued growth of the journal after the transition to Open Access.


Excerpt

In their recent research report published on March 2017, Emma Wilson and Jamie Humphrey describe the effects that the transition of RSC Advances, a major journal in the field of chemistry, to Gold Open Access has had on the journal performance in terms of article submissions, topics covered and author countries. Launched in 2011, RSC Advances has been conceived of as a subscription-based mega-journal targeting a broad scientific audience, such as early-career and emerging-market researchers, which represents the decision of the Royal Society of Chemistry to expand its existing portfolio of journals.

On the strength of its article submission numbers that rapidly grew to circa 13,000 from over 90 countries, such as China (48%), India (14%), USA and Canada (4%), South Korea (4%) and Iran (4%), in 2016, RSC Advances has decided to switch to Open Access. This decision has been triggered by the rapid expansion of the Gold Open Access market that in terms of articles published has been estimated to grow by approximately 30% between 2003 and 2011. Currently, Gold Open Access accounts for between 10.2% and 16.6% articles published in the scientific, technical and medical (STM) segment. This sector is dominated by a handful of mega-journals, such as PLoS ONE launched in 2006, of which over 15 exist in the STM market.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Hybrid Open Access Mega-Journals Gain in Traction as Scholarly Societies and Journal Publishers Partner

Author: Pablo Markin
Published Online: 2017-11-16
URL: http://openscience.com/hybrid-open-access-mega-journals-gain-in-international-traction-as-scientific-societies-and-open-access-publishers-partner/

While developed world universities and libraries weigh the pros and cons of Open Access plus subscription models, developing countries embrace Open Access mega journal-style repositories with open post-publication peer review procedures in partnership with established publishing platforms.


Excerpt

As the international Open Access community mulls the possibility of turning data sets into revenue streams by dint of the latter’s ability to be analyzed, circulated and packaged in abstract form, scholars hailing from the American academia grapple with the economics of scientific journal publishing by seeking to explore how the supply and demand can be re-equilibrated in this industry. Currently, the demand for the scientific journal subscriptions appears to continue to outstrip they supply, which ensures the high subscription fees, such as those of Springer, for journal bundles that their publishers vend, given their effective oligopoly hold on this market and the exclusive access to highly-reputed journals they provide.

However, this situation resists a facile conclusion that Open Access journals can significantly change the equilibrium prices in this market, as quality journals incur significant publication costs and do not differ significantly in their reviewing, editing and submission practices from subscription-based journals, as far as unpaid labor input is concerned. In other words, Open Access journals will have to have article processing charges (APCs) compensate for the lost revenue streams that toll-based journals derive from subscription fees. In turn, this leads to a relatively minor impact that the advent of Open Access has had on the market-wide equilibrium prices that end up being charged for article publication and access either directly or indirectly.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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The Revenues of the Open Access Article Publication Market Lag Behind its Output, Despite Growth

Author: Pablo Markin
Published Online: 2017-11-12
URL: http://openscience.com/the-revenue-performance-of-the-open-access-article-publication-market-lags-behind-its-output-despite-growth/

Latest reports show that the Open Access journal-level publication market has ample room for development, as Open Access journals’ revenues are yet to match the rates of their articles published, as the global Open Access market begins to mature and demonstrates superior publication-level visibility performance.


Excerpt

As recent projections peg the value of the global Open Access market to reach over half a billion USD in 2018, should its growth dynamics be maintained, empirical data, nevertheless, indicate that, whereas Open Access articles have constituted 20% of all those published in the year 2016, the contribution of Open Access publications to journal industry revenues has ranged between 4% and 9% in the same period. At the same time, since these figures only refer to Gold Open Access publications, it can be surmised that Green and hybrid Open Access journals are likely to demonstrate higher revenue performance levels than their Gold Open Access counterparts. Even though these findings can be interpreted as indicating the slow pace of the global Open Access market maturation, given that the Budapest Open Access Initiative has been inaugurated in 2002, its continued growth, such as that of 21% between 2015 and 2016, also demonstrates the vitality of this publication market’s sector.

While arguments against Open Access as a publication model continue to cite the importance of journal impact factors for scientific authors, as far as their decisions about publication venues are concerned, the system-wide cost-cutting impact of either opting for or converting into Open Access on the level of individual journals can hardly be disputed. In some cases, traditional scientific journals continue to charge authors anachronistic page fees, such as 110 USD per page, long after the digital access to the toll-protected publications has become widespread. In comparison, article processing charges (APCs) that some Open Access journals levy represent a lumpsum payment that can be likely lower than total per-page charges of conventional journals which scientific authors may not necessarily have sufficient fund to pay, especially since, unlike Open Access APCs, academic institutions do not have a cost-cutting-related rationale to subsidize these.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Recent Findings Indicate Multiple Models for Flipping Scientific Journals into Various Open Access Forms Exist

Author: Pablo Markin
Published Online: 2017-11-08
URL: http://openscience.com/recent-findings-indicate-that-multiple-models-for-flipping-scientific-journals-into-various-forms-of-open-access-exist/

Though converting scholarly journals into Open Access continues to involve financial uncertainty, a Harvard-funded report shows that thousands of journals have flipped into Open Access in recent years through a variety of approaches.


Excerpt

In their study first published on September 19, 2016, Mikael Laakso, David Solomon and Bo-Christer Björk have conducted a multi-method inquiry based on expert interviews, empirical data and secondary sources into various strategies for the conversion of scientific journals into Open Access. Their main conclusion is that toward making a transition to Open Access no single optimal path exists, as subscription-based journals need to decide which of multiple solutions will work for their situation as sustainable Open Access platforms. Laakso, Solomon and Björk’s research has been done with the support of the Harvard Library’s Office for Scholarly Communication that has sought to explore the economic and other implications of transitioning to Open Access models for universities.

Whereas in 2011 circa 2,400 scholarly journals have been flipped into Open Access after zero-cost digital journal distribution has become technically feasible, the funding models behind these transitions to Open Access have, however, remained under-researched. For this reason, Laakso et al.’s 2016 research report, the full version of which is hosted at Harvard’s publication repository, fills an important gap in scholarly literature, as it indicates that in recent decades those journals that have switched to Open Access and have decided not to charge subscription fees have enjoyed the support of national or regional Open Access portal, such as Scientific Electronic Library Online (SciELO), while broadly utilizing open source software, such as Open Journal Systems(OJS).

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Wikipedia Referencing Significantly Augments the Diffusion of Open Access Articles as Recent Findings Show

Author: Pablo Markin
Published Online: 2017-11-04
URL: http://openscience.com/wikipedia-referencing-significantly-augments-the-diffusion-of-open-access-articles-as-recent-findings-show/

As a Chinese university questions the validity of traditional impact factor metrics, Teplitsky, Lu and Duede’s 2017 study argues that Wikipedia is more likely to promote the visibility of Open Access articles, than that of paywall-protected ones, regardless of the journal impact factor.


Excerpt

Though the emergence of Open Access journals has put into question the importance of impact factors that journals have, as the influence of freely accessible scientific articles may also be measured by alternative, article-level metrics, efforts to give credence to alternative impact metrics remain relatively marginal. At the same time, a recent announcement of Zhejiang University, Hangzhou, China, that it will be giving articles published on social media platforms and newspapers the same importance as is granted to peer-reviewed scientific publications has caused a stir both in China and around the world, as it can portent a change in funding, evaluation and promotion priorities at academic institutions.

While this tentative policy shift takes into account differences between various social media platforms, requires that the articles be original and established quantitative criteria for digital platform visibility, the discussion it has sparked also highlights the need for out-of-the-box thinking about the validity of traditional peer review procedures and journal-level impact factors that Open Access journals have been readier to experiment with than their paywall-based counterparts. Even though the full implications and eventual effect of this move remain unclear, it also shows that strengthening or the existence of links between layman-oriented digital platforms, such as Wikipedia, and scientific communities is insufficiently addressed by traditional impact metrics.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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LaTeX, Open Source Software, Facilitates the Adoption of Open Access by Authors, Repositories and Journals

Author: Pablo Markin
Published Online: 2017-11-01
URL: http://openscience.com/latex-open-source-software-facilitates-the-adoption-of-open-access-by-authors-repositories-and-journals/

LaTeX, a software environment for type-setting scientific texts, supplies digital infrastructure not only for researchers, such as in the fields of mathematics or astronomy, but also for Open Access repositories and journals, while minimizing their costs.


Excerpt

Open Astronomy is an Open Access journal recently launched by De Gruyter Open on the basis of the journal Baltic Astronomy initially founded in 1992. As Philip Judge, a senior astronomy scientist from the High Altitude Observatory of the University Corporation and National Center for Atmospheric Research, a non-profit consortium of North American universities and colleges sponsored by the National Science Foundation of the United States, has agreed to serve as an Editor-in-Chief for Open Astronomy in early 2017, his primary motivation has been to promote the openness of scientific research. At the same time, since the journal does not demand article processing charges, it needs to minimize its publication costs, which is achieved, among other means, by the extensive deployment of LaTeX.

As an open source document preparation system, LaTeX can be downloaded free of charge, even though copyright restrictions can apply to the modifications of this software, which has, however, ensured the backwards compatibility of documents composed in LaTeX. Since this is a markup language for the compilation of complex scientific texts, such as those including notation symbols, mathematical formulas and foreign language characters, LaTeX effectively outsources typesetting to scholarly authors. This has also made LaTeX into a de facto standard format for scientific documents in multiple fields of sciences and humanities, such as mathematics, physics and linguistics, as it allows the production of high-quality PDF-format documents regardless of their complexity.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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German Editors-In-Chief and Editorial Board Members Resign from Subscription-Based Elsevier-Owned Journals

Author: Pablo Markin
Published Online: 2017-10-18
URL: http://openscience.com/german-editors-in-chief-and-editorial-board-members-resign-from-subscription-based-elsevier-owned-journals/

First eight German researchers and scientists have announced their resignation from editorial duties at Elsevier-supported journals on the background of the ongoing efforts of Germany-based universities and research institutes to switch to Open Access.


Excerpt

As the negotiations over subscription contracts between Elsevier, a large journal publisher, and Germany-based scientific and academic institutions continue to bear no fruits, a growing number of leading German editors and editorial board members at paywall-based journals associated with this publisher announce resignations from their positions. Multiple other German scientists and researchers are reportedly ready to follow suit, in their effort to create a momentum for the switch-over to Open Access as the default option for scientific article publication. Germany-wide associations, such as the Project DEAL, are willing to support the transition to the Open Access model by offering Elsevier and other large publishers lump-sum payments that will cover the article processing charges of German scientific authors in exchange for access to their journal and article collections.

However, Elsevier keeps rejecting this deal, since its profit performance is closely related to the subscription payments from universities and institutions around the world. Allowing for Open Access provisions for German academic and scientific organizations in circumvention of traditional subscription contracts could create an international precedent with possible negative effects for Elsevier’s revenues. Thus, German scientists, such as Kurt Mehlhorn from Max-Planck-Institut für Informatik, Saarbrücken, who has resigned from Computational Geometry: Theory and Applications, may have little choice but to launch rival Open Access journals, to maintain their involvement in their research fields.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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De Gruyter Celebrates Open Access Week by Showcasing a Selection of Open Access Articles from its Hybrid Journals

Author: Pablo Markin
Published Online: 2017-10-27
URL: http://openscience.com/de-gruyter-celebrates-open-access-week-by-showcasing-a-selection-of-open-access-articles-from-its-hybrid-journals/

While providing links to articles in Open Access from its subscription-based journals in sciences and humanities, De Gruyter’s featured Conversations blog post suggests that Open Access publications continue to be marginal to output and revenues, despite their growth.


Excerpt

In its webpage dedicated to Open Access Week 2017, De Gruyter pays homage to this international event taking place from October 23 to 29 by offering links to a selection of Open Access articles from its journals in exact, social and human sciences. This page also links to a post from its Conversations blog in which Hugh Burrows, Ron Weir, and Jürgen Stohner, the editors of the journal Pure and Applied Chemistry, explain their rationale for adopting a hybrid model for their journal that protects with a paywall the article it publishes in the current and previous years, while making technical reports and archived articles available in Open Access. The editors elaborate on this year’s mission of Open Access Week that the Scholarly Publishing and Academic Resources Coalition (SPARC) has initiated from 2008 which in 2017 concentrates on the benefits that Open Access can bring to scientific publishers and scholarly associations, such as national chemical societies, in terms of their core mission. […]

While Joachim Jähne and Steffi Rudloff, the editors of the Open Access Innovative Surgical Sciences journal launched in 2016 by De Gruyter jointly with the German Society of Surgery advocate for the implementation of article-level metrics to measure journal impact based on scientific community-generated data, Stavros Skopeteas, an editor of the journal Zeitschrift für Sprachwissenschaft founded by the German Linguistics Society in 1982, has indicated that the decision of this journal to switch to Gold Open Access in 2017 has been hotly debated by this association, due to the radical change it introduces to the business model and publication practices.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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Richard Thaler, Nobel Prize-Related Economics Award Winner, has also Advocated in Favor of Open Data Access

Author: Pablo Markin
Published Online: 2017-10-15
URL: http://openscience.com/richard-thaler-nobel-prize-related-economics-award-winner-has-also-advocated-in-favor-of-open-data-access/

While upon his 2017 prize nomination, Richard H. Thaler has received recognition for his contributions to behavioral economics, he has also argued that open data initiatives can bring public and private benefits alike.


Excerpt

On October 9, 2017, the University of Chicago Booth School of Business has announced that Richard H. Thaler, its Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics, has received the vaunted 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. This award has celebrated Thaler’s work in behavioral economics that takes account of the non-rationality of economic agents, due to human biases. While his economic behavior scenarios have served as the foundation for his book-scale publications, such as Nudge: Improving Decisions About Health, Wealth and Happiness (2008; co-authored with Cass R. Sunstein) and Misbehaving: The Making of Behavioral Economics (2015), in his smaller-scale publications Thaler has also advocated that Open Access to governmental, organizational and user data can be of significant utility for individual and collective decision-makers, precisely because more often than not economic agents act counterintuitively.

In other words, the ability of public policies to arrive at optimal decisions and realize cost efficiencies is likely to critically depend on the availability in Open Access of behavioral data based on which incentives can be devised and fine-tuned. Thus, in his article that has appeared in The New York Times on March 12, 2011, Thaler has called on governments to allow for Open Access to the data that their various agencies collect so that private companies and individual consumers would be able to tap into that information to deliver optimized services, such as real-time traffic tracking solutions, and make smarter decisions, e.g., based on service provider price registries, respectively. These uses of open data can also contribute to higher levels of consumer market competition and product safety transparency with public and private benefits in the form of improved resource allocation efficiency and reduced damage and mortality rates due to accidents.

By Pablo Markin


The full-length original blog article and additional resources can be found at OpenScience blog.

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