The Determinants of Library Subscription Prices of the Top-Ranked Economics Journals: An Econometric Analysis

Chressanthis, George A.; Chressanthis, June D.

doi:10.1080/00220485.1994.10844848

Cited by 23 publications

(17 citation statements)

References 16 publications

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“…This contrasts earlier findings for science journals (Chressanthis & Chressanthis, 1994;Tenopir & King, 1997;Bergstrom, 2001;Frazier, 2001;Bergstrom & Bergstrom, 2004;Taylor et al, 2008) and similar findings for business journals (Liu 2005(Liu , 2011. In some studies, commercially published journals were more than ten times the average price of nonprofit titles (Edlin & Rubinfeld, 2004).…”

Section: Why Are Science Resources -Especially Journals -So Expensive?contrasting

confidence: 56%

“…Most commercial publishers are also answerable to share-holders who expect profits, and are generally are not exempt from taxation. Nonprofit publishers, by contrast, may have sources of external funds such as membership fees, donations, and advertizing that subsidize journal operations (Chressanthis & Chressanthis, 1994). For commercial publishers, high prices ensure profits; for nonprofit societies they cover production and distribution costs.…”

Section: Why Are Science Resources -Especially Journals -So Expensive?mentioning

confidence: 99%

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The High Cost of Science Journals: A Case Study and Discussion

Rose-Wiles¹

2011

Journal of Electronic Resources Librarianship

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Like many libraries, Seton Hall University Libraries has suffered budget cuts that forced a reduction in serial subscriptions. As science librarian, I report on my efforts to streamline subscriptions and to address the question "Why are science journals so expensive?" Our science journals are significantly more expensive than journals in other areas. Our commercially published science journals are 25% more expensive than those from non-profit publishers, although the difference is not statistically significant. I discuss the reasons for the high cost of science journals, which involve a complex interaction between supply and demand and academic culture.3

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Section: Why Are Science Resources -Especially Journals -So Expensive?contrasting

confidence: 56%

Section: Why Are Science Resources -Especially Journals -So Expensive?mentioning

confidence: 99%

The High Cost of Science Journals: A Case Study and Discussion

Rose-Wiles¹

2011

Journal of Electronic Resources Librarianship

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“…There are no differences between FP, NFP and NFPP journals. and Chressanthis (1994) find that being published by an NFP very significantly reduces the subscription price of an economic journal. Bergstrom and Bergstrom (2004) report that a page published by a FP is between 3 and 5 times more expensive than a page published by a NFP in ecology, economics, atmospheric sciences, mathematics neuroscience and physics.…”

Section: A Reduced-form Econometric Analysismentioning

confidence: 92%

“…See Reed Elsevier (2005). 3 Economics in Chressanthis and Chressanthis (1994) and Bergstrom (2001) (extended by Bergstrom and Bergstrom, 2004 to 5 other fields), mathematics in Binman et al, 1997, agriculture andbiology in Cornell, 1998, as well as a study by the University of Wisconsin-Madison, 1999). 4 McCabe (2002), Tenopir and King (2000), Kyrillidou and Young (2004), White andCreaser (2004), SQW Ltd (2003).…”

Section: Introductionmentioning

confidence: 99%

Pricing of Scientific Journals and Market Power

Dewatripont

Ginsburgh

Legros

et al. 2007

Journal of the European Economic Association

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We analyze the empirical relationship between journal prices, their quality measured by their citation counts, their age, as well as conduct of publishers. The database covers 22 scientific fields and over 2600 among the most highly reputed and cited journals in 2003. We show that (a) for-profit journals charge roughly 3 times more than journals run by scientific societies; (b) the number of citations has a positive impact on prices; (c) there are large differences in prices across fields that vary from 1 and 6; these are highly (and positively) correlated with the degree of concentration in the industry. * This paper revisits Section 3 of Dewatripont et al. (2006), and extends the results showing that publishers' concentration in a scientific field has an impact on prices. We are grateful to Estelle Cantillon and Françoise Vandooren for comments on previous versions.

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“…Chressanthis and Chressanthis modified Petersen's model by adding individual subscription prices to the regression equation for the top 99 economic journals [8]. It was assumed that there was an inverse relationship between individual subscription prices and the demand for journals.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors determining subscription prices of scholarly journals in business discipline: Themes and variations

Liu

2005

Library Collections, Acquisitions, & Technical Services

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This empirical study investigates factors that affect subscription prices of business journals. The hypotheses are that a number of factors affect journal subscription prices including types of publishers, features of publications, and locations of publications. While some regression results are consistent with the main theoretical themes of previous studies, others show variations. First, it was found that journals with advertisement tend to have lower subscription prices than those without advertisement. None of previous studies found this variable statistically significant. Second, annual subscription prices of business journals published in the U.K. are substantially higher than those published in the U.S. while the coefficients of journals published in Europe were not statistically significant. Third, no evidence was found that journals with larger circulations have lower subscription prices. This study concludes that to examine factors affecting subscription prices, one needs to focus on journals by discipline since determinants of journal prices vary from discipline to discipline. D

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The Determinants of Library Subscription Prices of the Top-Ranked Economics Journals: An Econometric Analysis

Cited by 23 publications

References 16 publications

The High Cost of Science Journals: A Case Study and Discussion

The High Cost of Science Journals: A Case Study and Discussion

Pricing of Scientific Journals and Market Power

Factors determining subscription prices of scholarly journals in business discipline: Themes and variations

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