Pricing options for scholarly publication

Take a look at this video.

It discusses the murky world of academic publication. Clearly, there is a tension here in that academics do not get paid by publishers yet publishers take rights and also charge libraries and others high prices to access that research. Increasingly, academics are bypassing traditional publishers. There was also this interesting case about one MIT student’s attempt to free up scholarly publication.

So how can we resolve this tension? What pricing model is appropriate? How do we think about shared information in this environment?