David Prosser, From here to there: a proposed mechanism for transforming journals from closed to open access

Abstract:  A major barrier to the greater take-up of an open access model for journal publishing has been the concern of many journal owners that they will not easily be able to migrate from the current subscription-based model to open access. This paper presents a potential migration path which should significantly reduce the financial risk to journal owners, while allowing them to offer open access to their authors.