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RE: Costs of peer-review (Was: May issue of the SPARC Open Access Newsletter)

Richard Dodenhoff, American Society for Pharmacology & 
Experimental Therapeutics has said:

>The notion that peer review is free or low cost is based on 

>We publish four journals that have "volunteer" editors and 
>editorial boards.  It's a rather bare-bones operation with 
>minimal staff who handled 2,508 submissions in 2009.  Peer 
>review for those journals for 2009 cost about $700,000.

Would any other publisher on this list care to comment on how 
these figures stack up against their experience? What does 
Elsevier spend on Editors for instance? Do any hard data on 
editorial (staff) costs exist in the public domain?

Peter R Davenport