Study on the economic and technical evolution of the scientific ...

Table
of contents
EXECUTIVE SUMMARY ........................................................................................................... 5
BACKGROUND AND GOAL OF THE REPORT ......................................................................................... 5
ECONOMIC AND POLICY CONTEXT ...................................................................................................... 5
RESULTS OF THE ANALYSIS ................................................................................................................. 6
POLICY RECOMMENDATIONS ............................................................................................................. 11
1. INTRODUCTION ................................................................................................................ 15
1.1. BACKGROUND OF THE STUDY .................................................................................................... 15
1.2. GOAL OF THE STUDY ................................................................................................................. 154
1.3. SETTING THE SCENE: OVERVIEW OF THE ECONOMIC AND POLICY CONTEXT ........................... 16
1.3.1. The economic and technological context ..................................................................... 16
1.3.2. The policy context ...................................................................................................... 17
2. OVERVIEW OF THE MARKET FOR SCIENTIFIC PUBLISHING .............................................. 21
2.1. MARKET IMPERFECTIONS ........................................................................................................... 21
2.2. MARKET TRENDS UNTIL THE MID-1990’S ................................................................................... 22
2.3. TRENDS SINCE THE MID-1990’S ................................................................................................. 24
3. ENTRY, PRICES, COSTS AND QUALITY .............................................................................. 27
3.1. DESCRIPTION OF THE DATABASE ............................................................................................... 28
3.2. DESCRIPTIVE STATISTICS ........................................................................................................... 32
3.3. PRICES AND QUALITY: AN ECONOMETRIC ANALYSIS .................................................................. 33
3.3.1. A First, Simple Analysis of Prices, Citations and Ages ....................................................... 33
3.3.2. On Characteristics and Prices ......................................................................................... 38
3.3.3. Conclusions ................................................................................................................... 40
4. SCIENTIFIC PUBLISHING IN THE ELECTRONIC ERA: INSIGHTS FROM INDUSTRIAL
ECONOMICS ..................................................................................................................... 43
4.1. TWO-SIDED MARKETS, NETWORK EFFECTS AND BUSINESS MODELS ........................................ 43
4.2. NEW TECHNOLOGY AND COMPETITION ...................................................................................... 44
5. BUNDLING STRATEGIES ................................................................................................... 47
5.1. ECONOMIC LITERATURE ON BUNDLING AND DISCRIMINATION .................................................. 47
5.2. BIG DEALS ................................................................................................................................. 48
5.2.1. Consortia ........................................................................................................................... 52
5.2.2. Lock-in Effects .................................................................................................................. 52