Elsevier 2009 $2 billion profits could fund worldwide OA at $1,383 per article

“… If the total profit from Elsevier and Lexis-Nexis is added together and converted to U.S. dollars, the total is $2,075m. Divided by the estimated worldwide scholarly article output of 1.5 million articles per year (Björk et al, 2008), this comes out to $1,383 U.S. In other words, the profits of this one company alone could fund a global, fully open access scholarly publishing system, at a rate of $1,383 U.S. per article …” (more)

[The Imaginary Journal of Poetic Economics, 27 April]

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