The journal acquisition budget of libraries is not increasing at the same rate as subscription rates creating the serials' crisis. Many solutions have been proposed including the freely available electronic journal. However, all the solutions suffer the same Faustian Grip - namely that the actors in the academic publishing game have little or no incentive to stop publishing in the current journals. We examine those incentives concluding that even with a better more efficient technology, the actors will not change from the current academic publishing institution, and the serials' crisis will remain.
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Paper provided by EconWPA in its series Microeconomics with number
0202005.
Length: 17 pages Date of creation: 21 Feb 2002 Date of revision: Handle: RePEc:wpa:wuwpmi:0202005
Note: Type of Document - Adobe pdf; prepared on Win 95; to print on HP; pages: 17 ; figures: included Contact details of provider: Web page: http://129.3.20.41
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