Determinants of Library Subscription Prices of Economic Journals
International Journal of Economics, Finance and Management Sciences
Volume 6, Issue 1, February 2018, Pages: 1-5
Received: Oct. 9, 2017; Accepted: Oct. 31, 2017; Published: Dec. 20, 2017
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Author
Sumiko Asai, School of Political Science and Economics, Meiji University, Tokyo, Japan
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Abstract
Although an increase in the prices of academic journals across several decades has been a crucial issue for research institutions, few studies using individual journal prices have been carried out on the introduction of a bundling service called Big Deal. The present study empirically examines the determinants of the prices of 409 economic journals using the latest data. The results found that publishers set higher prices for more frequently cited journals, implying that the demand factor influences the price level in addition to cost factors. Furthermore, prices of journals published by large commercial publishers are higher than those published by professional associations and university presses. However, the prices differ among large commercial publishers, and further investigation is needed to conclude whether they set higher prices by exercising market power. On the other hand, an increase in the number of pages in individual journals caused by an increase in the number of submitted articles certainly leads to a corresponding rise in journal subscription prices. The healthy development of open access journals to ensure that everyone can read articles for free is needed to restrict an increase in the prices of traditional subscription journals.
Keywords
Economic Journal, Price, Citation
To cite this article
Sumiko Asai, Determinants of Library Subscription Prices of Economic Journals, International Journal of Economics, Finance and Management Sciences. Vol. 6, No. 1, 2018, pp. 1-5. doi: 10.11648/j.ijefm.20180601.11
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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