"the leaders of Elsevier have now decided that the epoch of journals will soon be over. They are not buying or starting journals."http://blogs.bmj.com/bmj/2018/01/10/richard-smith-a-big-brother-future-for-science-publishing/ …
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It sure looks like Elsevier is pursuing a vertical integration strategy. So will it be the next Apple or the next AOL
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Elsevier truly doesn't understand markets, then. Google holds the majority of search, but still competes against Bing, Yandex, etc. Amazon competes against B&M and online services. Notably, both are affordable without having to apply for grant money.
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That was one guy speculating on what he thinks Elsevier is up to, not what Elsevier is actually doing.
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Sorry but these are not Iansiti strategic ecology plays, with a dominant keystone species, but pure monopoly capitalism.
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It's reasonable for people to think this first, but they need to keep thinking. Interoperability is a focus of much of what we're doing, which wouldn't be the case if straightforward vertical monopoly was the endgame.
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Those two slides about integrations that I tweeted this morning are revealing though. Both for what they show and what they don't. I may need to do post defining interoperability just as I did for lock-in.
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Countries still have antitrust legislation in their legal code.
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Wrong. Self-publishing by learned societies will come back in some form. People are irritated at writing for free then being pimped out for enormous profit.
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Does feeding the “Elsevier are evil dude” meme usefully contribute to the discussion about the future of academic publishing?
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If Elsevier make excess profits, competitors will enter the market and compete them away: barriers to entry are low, especially with online journals
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