Martin Weller in his post ‘The return on peer review’ estimates that academics, often paid by the taxpayer, devote large amounts of time unpaid to perform peer review. He estimates the monetary value is between USD 305 million and 2.7 billion per annum.
And yet, the Peer Review Survey 2009 states that the reason 90% reviewers gave for conducting peer review was “because they believe they are playing an active role in the community.” Not so if they do not publish in open access journals…. Weller suggests, “that if we are continuing with peer review (and its efficacy is a separate argument), then the least we should expect is that the outputs of this tax-payer funded activity should be freely available to all.”
Read more about the findings of the Peer Review Survey 2009 here