Article Processing Charge Hyperinflation and Price Insensitivity: An Open Access Sequel to the Serials Crisis

« Open access publishing has frequently been proposed as a solution to the serials crisis, which involved unsustainable budgetary pressures on libraries due to hyperinflation of subscription costs. The majority of open access articles are published in a minority of journals that levy article processing charges (APCs) paid by authors or their institutions upon acceptance. Increases in APCs is proceeding at a rate three times that which would be expected if APCs were indexed according to inflation. (…) »