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Pinatubo
on June 16, 2015
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Academic publishers reap huge profits as libraries...
Preston McAfee (head economist at Microsoft) and Ted Bergstrom (an economist at UCSB) have been studying this for years:
http://www.econ.ucsb.edu/~tedb/Journals/jpricing.html
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Search:
http://www.econ.ucsb.edu/~tedb/Journals/jpricing.html