Response from the Office of Fair
The OFT welcomes the Science and Technology Committee's
Report, which highlights and develops concerns identified in our
The OFT also welcomes, especially given the international
nature of the market, that the European Commission is now conducting
a study of the market, and we await the findings with interest.
We have made the Commission aware of our interest in the market
and our previous work on it. We also note that other research
is under way, for example the British Academy study of electronic
resources for research in the humanities and social sciences.
In view of these studies, the international nature
of the issues, and competing resource commitments, the OFT does
not believe that it would be appropriate for it to commit to biennial
reporting on the market for STM journals as proposed by the Committee.
However the OFT will certainly continue to monitor market developments
in addition, of course, to applying merger and other competition
law as evolving circumstances warrant.
7 September 2004