This morning, a missive from the Econometrics society arrived in my in box announcing “two modest fees associated with the submission and publication of papers in its three journals.” As of May 1st 2020, the Society will assess a submission fee of $50 and a page charge of $10 per page for accepted papers. With papers on the short side running to around 30 pages and 10 page appendices this comes out to about $400. By the standards of the natural sciences this is indeed modest.

At the low end the American Meteorological Society charges $120 per page, no submission fee. In the middle tier, the largest open-access publishers — BioMed Central and PLoS — charge $1,350–2,250 to publish peer-reviewed articles in many of their journals, and their most selective offerings charge $2,700–2,900. At the luxury end of the market is the Proceedings of the National Academy which starts out at $1590 for 6 pages and rises upto $4,215 for a 12 page paper.

My colleague Aislinn Bohren has suggested rewarding referees with free page coupons: publish one page free for each five pages you referee. This may suffer the same fate as the Capitol Hill Baby Sitting co-operative.

In the short run the effect will be to drive papers to JET and GEB as not all academics have research budgets which will cover the fees. An alternative is to submit the paper for $50. If accepted, decline to have it published. Send it elsewhere and send a copy of the acceptance letter to one’s promotion and tenure committee. Voila, a new category in the CV: accepted at Econometrica but not published.