ECONOMICS OF SCHOLARLY PUBLISHING: EXPLORING THE CAUSES OF SUBSCRIPTION PRICE VARIATIONS OF SCHOLARLY JOURNALS IN BUSINESS SUBJECT-SPECIFIC REAS

This empirical research investigates subscription price variations of scholarly journals in five business subject-specific areas using the semilogarithmic regression model. It has two main purposes. The first is to address the unsettled debate over whether or not and to what extent commercial publis...

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Bibliographic Details
Published inThe Library quarterly (Chicago) Vol. 81; no. 2; p. 211
Main Author Liu, Lewis G
Format Journal Article
LanguageEnglish
Published Chicago University of Chicago, acting through its Press 01.04.2011
Subjects
Academic libraries
Estimates
Librarians
Pricing policies
Scholarly publishing
Subscriptions
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Summary:This empirical research investigates subscription price variations of scholarly journals in five business subject-specific areas using the semilogarithmic regression model. It has two main purposes. The first is to address the unsettled debate over whether or not and to what extent commercial publishers reap monopoly profits by overcharging academic libraries for scholarly journals they subscribe to. The second is to provide librarians with scholarly journal price estimates and to test publication factors that affect journal prices. The subject-specific approach used in this study provides more accurate estimates for serial budgeting and management. The findings show that in all cases the coefficient of the commercial publisher variable is statistically significant at a very high level (p < .0001). In most cases, the coefficients of other observed variables are also significant, and scholarly journal prices vary significantly among the business subject-specific areas. [PUBLICATION ABSTRACT]
Bibliography:SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ISSN:0024-2519
1549-652X