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.
Published in | International Journal of Economics, Finance and Management Sciences (Volume 6, Issue 1) |
DOI | 10.11648/j.ijefm.20180601.11 |
Page(s) | 1-5 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2017. Published by Science Publishing Group |
Economic Journal, Price, Citation
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APA Style
Sumiko Asai. (2017). Determinants of Library Subscription Prices of Economic Journals. International Journal of Economics, Finance and Management Sciences, 6(1), 1-5. https://doi.org/10.11648/j.ijefm.20180601.11
ACS Style
Sumiko Asai. Determinants of Library Subscription Prices of Economic Journals. Int. J. Econ. Finance Manag. Sci. 2017, 6(1), 1-5. doi: 10.11648/j.ijefm.20180601.11
AMA Style
Sumiko Asai. Determinants of Library Subscription Prices of Economic Journals. Int J Econ Finance Manag Sci. 2017;6(1):1-5. doi: 10.11648/j.ijefm.20180601.11
@article{10.11648/j.ijefm.20180601.11, author = {Sumiko Asai}, title = {Determinants of Library Subscription Prices of Economic Journals}, journal = {International Journal of Economics, Finance and Management Sciences}, volume = {6}, number = {1}, pages = {1-5}, doi = {10.11648/j.ijefm.20180601.11}, url = {https://doi.org/10.11648/j.ijefm.20180601.11}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20180601.11}, 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.}, year = {2017} }
TY - JOUR T1 - Determinants of Library Subscription Prices of Economic Journals AU - Sumiko Asai Y1 - 2017/12/20 PY - 2017 N1 - https://doi.org/10.11648/j.ijefm.20180601.11 DO - 10.11648/j.ijefm.20180601.11 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 1 EP - 5 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20180601.11 AB - 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. VL - 6 IS - 1 ER -