Richard Poynder has published "The Open Access Big Deal: Back to the Future" in Open and Shut?.
Here's an excerpt:
One obvious problem with the OA Big Deal is that it allows large legacy publishers to lock their high prices into the new OA environment, while marginalising and excluding the new-entrants that were supposed to disrupt the market. Unless something changes, therefore, the affordability problem will only be perpetuated.
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