On Monday, five leading universities announced a new "Compact for Open Access Publishing Equity" in which they have pledged to develop systems to pay open access journals for the articles they publish by the institutions' scholars. In doing so, the institutions are attempting to put to rest the idea that only older publication models (paid and/or print) can support rigorous peer review and quality assurance.
By embracing a new model, the institutions say, they hope to shift away from a system in which rising journal prices have frustrated librarians, and the lack of free access has frustrated those whose institutions can't afford many journals.
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In addition to MIT, the other institutions that issued the pledge are Cornell University, Dartmouth College, Harvard University and the University of California at Berkeley.
Specifically, the universities have each committed to "the timely establishment of durable mechanisms for underwriting reasonable publication charges for articles written by its faculty and published in open access journals and for which other institutions would not be expected to provide funds."
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