The Science of the Tax-Dollar Double Dip - WSJ

abernard102@gmail.com 2016-04-01

Summary:

"Anyone upset about wasted government spending should take a look at for-profit scientific publishing, a $25 billion industry that double-dips into taxpayers’ pockets. In 2014 one of the largest firms, the Anglo-Dutch Elsevier, which publishes Cell and the Lancet, made a profit of £762 million (about $1.2 billion) on gross revenue of £2 billion (about $3.1 billion)—a margin of 37%. The problem is that ..."

Link:

http://www.wsj.com/articles/the-science-of-the-tax-dollar-double-dip-1459379449

From feeds:

Open Access Tracking Project (OATP) » abernard102@gmail.com

Tags:

oa.new oa.comment oa.publishers oa.business_models oa.prices oa.profits oa.economics_of

Date tagged:

04/01/2016, 08:45

Date published:

04/01/2016, 04:45