Challenges and opportunities of the open access transformation

"The three key learnings:

• The open access transformation in economic research is not yet complete. Increased efforts are needed to break through the oligopoly of large publishing groups and establish new journals with a high reputation. Specialised societies and renowned editors can help to increase the attractiveness of new journals.
• The establishment of new journals requires careful and strategic planning. This includes legal protection, clear contractual regulations and long-term support from networks to counter legal and financial risks.
• Long-term financing of new open access journals, for example by specialist associations, library consortia or state support, remains essential to ensure the transformation."