Phillips OR, Phillips LJ "The market for academic journals" APPLIED ECONOMICS 34 (1): 39-48 JAN 2002

Eugene Garfield garfield at CODEX.CIS.UPENN.EDU
Mon Mar 25 17:23:10 EST 2002

Owen R. Phillips : owenphil at

TITLE The market for academic journals
AUTHOR Phillips OR, Phillips LJ

Document type: Article
Language: English
Cited References: 16
Times Cited: 0

Library journal subscriptions are treated as a public good. A monopoly
publisher sells subscriptions to both libraries and individuals. For
individuals, the journal is a private good. Profit maximization can lead to
high institutional prices and few individual subscribers. This outcome is
reinforced by increases in publishing costs. Library serial prices fall if
patrons pay access costs and/or there is congestion. Data are presented to
support these conclusions. Library prices are two to ten times higher than
private prices; there are as few as two to four individual subscribers in an
academic journal market. Library subscription prices are directly related to
the number of consumers who use the library serial.

KeyWords Plus:

Phillips OR, Univ Wyoming, Dept Econ & Finance, Laramie, WY 82071 USA
Univ Wyoming, Dept Econ & Finance, Laramie, WY 82071 USA
Univ Wyoming, Sci Lib, Laramie, WY 82071 USA


IDS Number:


Cited Author            Cited Work                Volume      Page      Year

 *OCLC                 OCLC SYSTEMS SERVICE          11         8      1995
 BOWKER RR             BOWKER ANN LIB BOOK                             1996
 BOWKER RR             ULRICHS INT PERIODIC                            1995
 BYRD GD               COLL RES LIBR                 51       184      1990
 CHRESSANTHIS GA       TECHNICAL SERVICES Q          11        13      1993
 EVERETT JE            J APPL SOC PSYCHOL            23       750      1993
 FAULHABER G           74 BELL LAB EC                                  1977
 GRISSOM A             SCIENTIST                      5        14      1991
 LABAND DN             J ECON LIT                    32       640      1994
 LEIBOWITZ SJ          J ECON LIT                    22        77      1984
 LELAND HE             BELL J ECON                    7       449      1976
 ORDOVER JA            AM ECON REV                   68       324      1978
 POWELL RH             CORE LIST BOOKS J SC                            1987
 QUANDT RE             J AM SOC INFORM SCI           47       610      1996
 STOLLER MA            COLL RES LIBR                 57         9      1996
 VARIAN HR             BUYING SHARING RENTI                            1997

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