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Re:Academics sharing paywalled papers with a codeword on Twi... by cbd1984 on Wednesday October 21, 2015 @02:00PM (#10427230)
If they weren't making a profit, they wouldn't act the same way; for example, if they weren't making a profit, they wouldn't have any incentive to publish vanity journals.

> And again, there is nothing stopping anyone else from starting their own journal. If they fail, then authors and readers must find some value in the current situation.

Publishing in a journal with a low impact factor isn't nearly as worthwhile as publishing in one with a higher impact factor, which implies a strong lock-in effect which works on Elsevier's favor. Even if Elsevier weren't around, a new journal would have a hard time getting off the ground.

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