The JISC-funded report “Economic Implications of Alternative Scholarly Publishing Models: Exploring the costs and benefits” by John Houghton et al. was released today:
– press release
– full report (pdf)
From the report:
A reduction of revenue to the publishing industry, should it arise, would imply a reduction of activity and employment in the industry. Such adjustments are difficult for those concerned, but an economy is a dynamic system and, over the business cycle, is likely to achieve something close to ‘full employment’. As a result, the capital and labour no longer employed in publishing would be employed in an alternative activity. Given the relative size of the publishing industry and the rate at which alternative publishing models are being adopted, it is unlikely that the UK economy would have difficulty adjusting to such a change
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