Leading mathematician launches arXiv 'overlay' journal
nature.com
nature.com
(I mean, a lot of us thought it, but he did it really loudly and prominently as an unimpeachable leader in his field.)
https://news.ycombinator.com/item?id=10197152
There wasn't much discussion, just 5 comments.
Technically the arxiv may right now be illegally hosting many thousands of papers whose authors actually ticked a box granting exclusive publication rights to Elsevier. Or any number of other journals. Elsevier benignly neglects this, but if you really start threatening their business model then they can make life very difficult for the arXiv.
They could do this, but it would be pretty much the final fuck-you. Not that that makes it implausible, of course.
Look at the backlash at Wikipedia for just accepting account access for editors from Elsevier. That sort of arrangement has gone on with various academic publishers for years - but in 2015, it creates a backlash. (I can assure you that in and around Wikimedia, pretty much everyone's actual opinion is "Elsevier delenda est".)
And I've seen reviews where it was easy to guess who the reviewer is: "Paper fails to cite the seminal work of..."
I think that a much better approach would be to require papers to be submitted as Git pulls adding TeX files, and then use a free code review tool like Gerrit to do peer review.
That might take a bit more learning than Scholastica, so starting with Scholastica until the journal is more popular might make sense, but using such expensive proprietary software doesn't seem to be acceptable long term, and if a tool works for peer review of code changes, it should work for peer review of articles as well (maybe with some customization if needed).
Is $10 per paper really that expensive? The recent papers I've published have come with page charges in excess of $1000 (in a not-for-profit journal). Obviously it's far from an apples–apples comparison, because the $1000 pays for things like the journal having a copyeditor to go through the manuscript and also results in reduced subscription fees (~5x less than another comparable journal in the field). Though, for this "overlay" journal, the subscription point is obviously moot. But, from an author's perspective, $10 seems like a steal.
And talking of programming tools, like git, and gerrit for academic papers is completely off base. Most mathematicians will never even have heard of git.
The "free" version is something like what the episcience project is attempting.
Edit: And as yet others have said, it's crucial, especially in a structurally very conservative field like mathematics, to stay as close to the conventional model as possible.
Like teenagers who want to listen to their music for nothing, they would learn overnight.
Usually people post their preprints to the arxiv at the same time as sending the article to the journals. This means the information (in a somewhat rougher form) is available immediately, and priority on an idea is established quickly. This has greatly sped up the development of mathematical ideas, but, yeah, essentially means one can search for the article being reviewed, and that double-blind review is more-or-less impossible.
OTOH, double-blind review is a great way to deal with conscious and unconscious institutional and gender biases, so would be great to have...
I agree that blinding would be preferable, but when the material itself reveals the author it's simply not possible.