Academic Libraries and the Economics of Scholarly Publishing in the Twenty-First Century: Portfolio Theory, Product Differentiation, Economic Rent, Perfect Price Discrimination, and the Cost of Prestige

@article{Greco2015AcademicLA,
  title={Academic Libraries and the Economics of Scholarly Publishing in the Twenty-First Century: Portfolio Theory, Product Differentiation, Economic Rent, Perfect Price Discrimination, and the Cost of Prestige},
  author={Albert N. Greco},
  journal={Journal of Scholarly Publishing},
  year={2015},
  volume={47},
  pages={1 - 43}
}
In the last five decades, a great deal has been written about the ‘serials crisis,’ library budget shortfalls, the growth of various commercial scholarly publishers, the response from various academic library associations to the serials crisis, and the emergence of open access publications. Yet very little has been written about the economics of scholarly publishing. In this article, the growth of universities and the academic community’s never-ending need for prestigious scholarly publications… Expand
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