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PeerJ, A New Open Access Megajournal Launches
Mirk writes "Academic researchers want to make their papers open access for the world to read. If they use traditional publishers like Elsevier, Springer or Taylor & Francis, they'll be charged $3000 to bring their work out from behind the paywall. But PeerJ, a new megajournal launched today and funded by Tim O'Reilly, publishes open access articles for $99. That's not done by cutting corners: the editorial process is thorough, and they use rigorous peer-review. The cost savings come from running lean and mean on a born-digital system. The initial batch of 30 papers includes one on a Penn and Teller trick and one on the long necks of dinosaurs."
$99 entitles you to publish an article a year, for life. $300 nets you unlimited articles published per year.
The charge is a very small amount. One would think it is ~ 1% of the dollar value of time invested in writing the paper.
What is achieves is to filter serious papers from frivolous ones and this cuts the total cost of peer reviewing them.
In other words, we still have some of the problems that open access should solve. While we no longer have the issue of individuals being unable to access knowledge, we are still saying that research can only be done by those with university affiliations or who are wealthy.
A $99 one-time fee does not limit this to the "wealthy". If you can't afford $99, you're not likely to be able to do any meaningful research either.