Arthur Smith said:

> Uh, your math is way off there. The total would be $1 billion ($1000
> million for clarity). And your $500 is after a factor-of-three
> improvement in costs that isn't exactly available as yet

In a review study I did earlier this year (Learned Publishing, vol 15, no.
4, pp. 247-258) I came to the conclusion, based on several published studies
from reputable researchers, that that $500/paper  figure for refereeing
costs is roughly right.

Fytton Rowland.

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