Adam Smith’s invisible hand works to lower prices and increase productivity but it can only do so when valuation or pricing is known and the same thing is true for disruption. If you don’t know how to value something, you actually don’t have tiers of a market,
Can’t Disrupt This: Elsevier and the 25.2 Billion Dollar A Year Academic Publishing Business
Jason Schmitt
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We have started work in trying to understand the cost structure, the first article to come out of it is up at: https://research.science.ai/article/on-the-marginal-cost-of-scholarly-communication.

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