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Costs and businessmodels in scientificresearch publishingA report commissionedby the Wellcome TrustDP-3114.p/100/04-2004/JMCosts and business models inscientific research publishingA report commissioned by the Wellcome TrustCompiled byApril 2004SQW LimitedEnterprise House, Vision ParkHiston, CambridgeshireCB4 9ZR, UKTel: +44 (0)1223 209400Web: www.sqw.co.ukCosts and business models in scientific research publishing A report commissioned by the Wellcome TrustContentsExecutive summary .................................................................................................................................11Introduction ..............................................................................................................................................5Market failure and public and merit goods .............................................................................................6Publishers objectives..............................................................................................................................7Products ...................................................................................................................................................7Library costs and opportunity costs ........................................................................................................8Unintended consequences considered, and not considered, in the report...............................

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