Journal print subscription price increases no longer reflect actual costs
Abstract:Journal subscription prices and their annual increases have traditionally been reported as and based on institutional print prices. This methodology for calculating price inflation and its budgetary impact on libraries no longer reflects the actual costs to the purchasing institution. Other factors – particularly digital acquisition, bundled licensing and consortia deals, a large growth in published content and the commensurate growth in usage – have altered and significantly changed the real cost of scholarly journals. While the print-based method of evaluating subscription price increases shows a three-fold increase in costs from 1990 to 2010, the real effect is only 9% after taking all these factors into consideration. Librarians and publishers should work together to adopt a more reasoned and transparent approach to evaluating institutional investment in serials collections
Document Type: Research Article
Publication date: July 1, 2013
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