What We Never Knew

In the 1960s and 1970s, commercial publishers began to selectively acquire top-quality journals which were previously published by nonprofit academic societies. collectible to the inelastic demand for these journals, the commercial publishers lost little of the food market when they raised the prices significantly. Although there are over 2,000 publishers, three for-profit companies (Reed Elsevier, customs Science+Business Media, and John Wiley & Sons) account for 42% of articles published. What selective information is available indicates that these companies have high profit margins, especially compared to the smaller publishers which likely operate with low margins.[4] These factors have contributed to the serials crisis - from 19862005, the number of serials corruptd has increase an average of 1.9% per year while total expenditures on serials has change magnitude 7.6% per year.[5]

Unlike most industries, in academic publishing the cardinal most important inputs are provided virtually free of displume.[4] These are the articles and the peer retread process. Publishers argue that they add foster to the publishing process through support to the peer review group, including stipends, as well as through typesetting, printing, and web publishing.



coronation analysts, however, have been skeptical of the value added by for-profit publishers, as exemplified by a 2005 Deutsche Bank analysis which stated that we believe the publisher adds relatively little value to the publishing process.[4]

CrisisA crisis in academic publishing is widely perceived;[6] the apparent crisis has to do with the combined pressure of budget cuts at universities and increased cost for journals (the serials crisis). The university budget cuts have reduced library budgets and reduced subsidies to university-affiliated publishers. The humanistic discipline have been particularly affected by the pressure on university publishers, which are less able to publish monographs when libraries cant afford to purchase them. For example, the...If you want to get a full essay, order it on our website: Ordercustompaper.com



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