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The Economics of Scientific Publishing
The peculiar nature of scientific publishing has allowed for a high degree of market concentration and a non-collusive oligopoly. The non-substitutable characteristic of scientific journals has facilitated an environment of market concentration. Acquisition of journals on a capabilities-based approa...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
YJBM
2023
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10303255/ https://www.ncbi.nlm.nih.gov/pubmed/37396985 http://dx.doi.org/10.59249/OMSP9618 |
Sumario: | The peculiar nature of scientific publishing has allowed for a high degree of market concentration and a non-collusive oligopoly. The non-substitutable characteristic of scientific journals has facilitated an environment of market concentration. Acquisition of journals on a capabilities-based approach has seen market concentration increase in favor of a small group of dominant publishers. The digital era of scientific publishing has accelerated concentration. Competition laws have failed to prevent anti-competitive practices. The need for government intervention is debated. The definition of scientific publishing as a public good is evaluated to determine the need for intervention. Policy implications are suggested to increase competitiveness in the short-run and present prestige-maintaining alternatives in the long run. A fundamental change in scientific publishing is required to enable socially efficient and equitable access for wider society’s benefit. |
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