Academic Publishing Meets Open Access
If you want to read an article from the Journal of Financial Economics, and you don't have a subscription1463489894057 or access to a library that does, publisher Elsevier will charge you $39.95. For one article!
Don't despair, though. You can also just go to the Social Science Research Network, where drafts -- in some cases final drafts -- of every single article in the current issue of the JFE (and probably every single article from the last 20 years of JFE, although I didn't have time to check that) are available for free download.
This situation, which has persisted for decades now, is what I would call interesting. It's about to get even more interesting, as Elsevier announced this morning that it is buying SSRN and combining it with the research-collaboration platform Mendeley, which it acquired in 2013.
