Knowledge Exchange has issued a press release announcing the results of cost/benefit studies for open access in Denmark, the United Kingdom and the Netherlands. The studies concluded that each country could save tens or hundreds of millions per year. From the press release:
The findings from this modelling suggest that open access alternatives are likely to be more cost-effective mechanisms for scholarly publishing in a wide range of countries (both large and small).
Given the potential benefits, it does seem worth while to ensure that there is a level playing field between alternative publishing models. This will reduce the barriers to innovation in scholarly publishing.
Thanks to Gavin Baker at Open Access News for the link.