diff --git a/finances/templates/finances/business_model.html b/finances/templates/finances/business_model.html
new file mode 100644
index 0000000000000000000000000000000000000000..42a51474bc634b4a8abdcac5f0bdd81462cc77a9
--- /dev/null
+++ b/finances/templates/finances/business_model.html
@@ -0,0 +1,241 @@
+{% extends 'finances/base.html' %}
+
+{% load staticfiles %}
+{% load bootstrap %}
+
+{% block breadcrumb_items %}
+ {{ block.super }}
+ <span class="breadcrumb-item">Business Model</span>
+{% endblock %}
+
+{% block pagetitle %}: Business Model{% endblock pagetitle %}
+
+{% block content %}
+ <div class="row">
+ <div class="col-12">
+ <h1 class="highlight">SciPost's Business Model</h1>
+ <div class="m-2">
+ <p>
+ SciPost strives to reform the business of academic publishing
+ by providing a top-quality infrastructure while:
+ <ul>
+ <li>being entirely not-for-profit</li>
+ <li>not charging any subscription fees to its readers</li>
+ <li>not charging any publication fees/APCs (article processing charges)
+ to its authors.</li>
+ </ul>
+ </p>
+ <p>
+ If this seems unrealistic to you, <strong>please read on!</strong>
+ </p>
+ <p>
+ This page will provide you with a quick run-down of how SciPost
+ ensures the long-term sustainability of its operations.
+ </p>
+
+ <p>Quick links:
+ <ul>
+ <li><a href="#bullets">Bullet Points Summary</a></li>
+ <li><a href="#details">The Details</a>
+ <ul>
+ <li><a href="#organizations">The Organizations Pages</a></li>
+ <li><a href="#pubFractions">The PubFractions System</a></li>
+ <li><a href="#medals">Bronze, Silver, Gold and Platinum Sponsors</a></li>
+ </ul>
+ </li>
+ <li><a href="#why">Why do we push for this Business Model?</a></li>
+ </ul>
+ </p>
+ </div>
+
+ <h2 class="highlight" id="bullets">Bullet Points Summary</h2>
+
+ <div class="m-2">
+ <div class="row">
+ <div class="col-lg-4">
+ <p>Our business model, summarized in one phrase:</p>
+ <p>
+ we don't charge authors, we don't charge readers,
+ we don't send bills to anybody for our services,
+ and we certainly don't make any profit;
+ we survive on donations from Organizations which benefit from
+ our activities.
+ </p>
+ <p>
+ The bullet points here give you the outline; you'll find
+ more detailed explanations below.
+ </p>
+ </div>
+ <div class="col-lg-8">
+ <ul>
+ <li>
+ <strong>Linking Publications and Organizations</strong><br>
+ As part of our production workflow,
+ Organizations (author affiliations, funding agencies, ...)
+ listed in our database are linked to each publication being readied.
+ This data is publicly displayed on our
+ <a href="{% url 'organizations:organizations' %}" target="_blank">Organizations pages</a>.
+ </li>
+ <li>
+ <strong>Determining PubFractions</strong><br>
+ After publication, authors are asked to specify PubFractions for their paper
+ (a publication's set of PubFractions answers the question "which Organizations shared
+ the support for the research leading to this publication?";
+ see the <a href="#pubFractions">PubFractions system description</a> below).
+ </li>
+ <li>
+ <strong>Determination of operational costs</strong><br>
+ On a yearly basis, SciPost determines and makes publicly known:
+ <ul>
+ <li>its total expenditures (on the <a href="{% url 'finances:finances' %}">finances page</a>)</li>
+ <li>an average cost per publication (estimate for 2019: €400 per paper)</li>
+ <li>the free-riding fraction (proportion of our activities which are
+ benefitting Organizations which for one reason or another are
+ <em>not yet</em> sponsoring SciPost's activities)</li>
+ </ul>
+ </li>
+ <li>
+ <strong>Sponsorship</strong><br>
+ Organizations can inspect all the data (in particular their NAPs and summed-up
+ PubFractions, together with the free-riding fraction)
+ and hereby determine to which level
+ they choose to support SciPost (through a sponsorship agreement).
+ Sponsors can fall into <a href="#medals">Bronze, Silver, Gold or Platinum</a>
+ categories depending on their level of support.
+ </li>
+ </ul>
+ </div>
+ </div>
+ </div>
+
+ <h2 class="highlight" id="details">The Details</h2>
+
+ <h3 class="highlight" id="organizations">The Organizations Pages</h3>
+ <div class="m-2">
+ <div class="row">
+ <div class="col-lg-5">
+ <p>
+ At SciPost, we curate a database of Organizations which benefit from our
+ publishing activities in one form or another (think for example of
+ academic institutions which are mentioned in author affiliations,
+ and funding agencies listed in funding acknowledgements).
+ </p>
+ <p>
+ The data we collect is presented on our
+ <a href="{% url 'organizations:organizations' %}>">Organizations</a> pages,
+ where you will find digested information including
+ the NAPs (Number of Associated Publications) pertaining to any given
+ instance.
+ </p>
+ </div>
+ <div class="col-lg-7">
+ <img style="width: 90%;" class="m-2" src="{% static 'scipost/images/Organization_detail_FWF.png' %}">
+ </div>
+ </div>
+ </div>
+
+ <h3 class="highlight" id="pubFractions">The PubFractions System</h3>
+ <div class="m-2">
+ <div class="row">
+ <div class="col-lg-5">
+ <p>
+ Right after publication, authors receive an email notification with details
+ about their brand new paper. In this email, we also ask authors to
+ provide us with information about which Organizations actually supported the research.
+ This is done by splitting an imaginary unit of support among author affiliations,
+ funding agencies etc. (see image).
+ </p>
+ <p>
+ These <strong>PubFractions</strong> are then compiled and linked to the relevant
+ Organizations. This data is displayed on our <a href="{% url 'organizations:organizations' %}">Organizations pages</a>.
+ </p>
+ </div>
+ <div class="col-lg-7">
+ <img style="width: 90%;" class="m-2" src="{% static 'scipost/images/PubFractionsExample.png' %}">
+ </div>
+ </div>
+ </div>
+
+ <h3 class="highlight" id="medals">Bronze, Silver, Gold and Platinum Sponsors</h3>
+ <div class="m-2">
+ <ul>
+ <li>
+ <strong>Bronze</strong>: sponsorship level $\gt 0$;
+ </li>
+ <li>
+ <strong>Silver</strong>: sponsorship level $\geq$ (own PubFractions)
+ $\times$ average cost per publication;
+ </li>
+ <li>
+ <strong>Gold</strong>: sponsorship level $\geq$ (own PubFractions) $\times$
+ average cost per publication $/$ (1 - free riding fraction);
+ </li>
+ <li>
+ <strong>Platinum</strong>: sponsorship level $\gt 2 \times$ Gold.
+ </li>
+ </ul>
+ </div>
+
+ <h2 class="highlight" id="why">Why do we push for this business model?</h2>
+
+ <div class="m-2">
+ <p>
+ We view our model as the <strong><em>cheapest, fairest, simplest</em></strong>
+ model which an academic publishing infrastructure can adopt.
+ </p>
+ <p>
+ A subscriptions-based model is not even worth discussing because it is
+ so far away from our core <a href="{% url 'scipost:about' %}#guiding_principles">guiding principles</a>.
+ </p>
+ <p>
+ We are <strong>resolutely against</strong> the author pays model, often
+ implemented as Article Processing Charges (APCs). Why?
+ <ul>
+ <li>ask any researcher what they honestly think of an "author pays" model</li>
+ <li>APCs entangle editorial and financial issues, thereby leading
+ to various degrees of <a href="https://jscaux.org/blog/post/2017/09/18/noble-metals-noble-cause/">"lead pollution"</a>
+ in publishers' operations</li>
+ <li>researchers worldwide cannot uniformly afford publication charges</li>
+ <li>for a multi-author paper, who should pay? Most publishers make it
+ administratively difficult to share costs among researchers</li>
+ <li>the handling of APCs for each individual publication is a substantial
+ time- and resources-wasting accounting exercise</li>
+ </ul>
+ </p>
+ <p>
+ Our greatest source of inspiration is the <a href="https://arxiv.org">arXiv</a>,
+ which has been providing an irreplaceable service to the community over the
+ last three decades. This service, which is a complete solution for preprints
+ in some fields of science, charges no fees to submitters or downloaders,
+ and is instead financed by a consortium of academic institutions.
+ Our model was similarly inspired by the consortial model of the Open Library of the
+ Humanities.
+ </p>
+ </div>
+
+ <h3 class="highlight">Closing words</h3>
+ <div class="m-2">
+ <p>
+ The real drivers of the publishing business are the academics who write,
+ review and edit manuscripts.
+ We view publishing merely as a service making the workflow possible,
+ and empowering scientists to perform these duties in the most efficient
+ way possible. SciPost's mission is to provide such a service, and put
+ its control in the hands of the academic community, without competing interests.
+ </p>
+ <p>
+ As far as our operations are concerned, we run them in the most efficient way possible,
+ with complete transparency, for the benefit not only of scientists worldwide,
+ but also of their supporting organizations (and anybody else interested in science).
+ </p>
+ <p>
+ As far as our sustainability is concerned,
+ we put our trust in the hands of the
+ <a href="{% url 'organizations:organizations' %}">Organizations which
+ benefit from our activities</a>.
+ </p>
+ </div>
+
+ </div>
+ </div>
+{% endblock content %}
diff --git a/finances/urls.py b/finances/urls.py
index 065b0c076654fa20265c22879201cda8d63bf4b5..787a99938f2815581f76b8e7e7c334f1f2127f49 100644
--- a/finances/urls.py
+++ b/finances/urls.py
@@ -10,7 +10,16 @@ from . import views
app_name = 'finances'
urlpatterns = [
- url(r'^$', TemplateView.as_view(template_name='finances/finances.html'), name='finances'),
+ url(
+ r'^$',
+ TemplateView.as_view(template_name='finances/finances.html'),
+ name='finances'
+ ),
+ url(
+ r'^business_model/$',
+ TemplateView.as_view(template_name='finances/business_model.html'),
+ name='business_model'
+ ),
# Subsidies
url(r'^subsidies/$', views.SubsidyListView.as_view(), name='subsidies'),
diff --git a/scipost/static/scipost/images/Organization_detail_FWF.png b/scipost/static/scipost/images/Organization_detail_FWF.png
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diff --git a/scipost/static/scipost/images/PubFractionsExample.png b/scipost/static/scipost/images/PubFractionsExample.png
new file mode 100644
index 0000000000000000000000000000000000000000..0b7f5cf7fad19cda35eed0c3cfac278f43495ad3
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