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Journal pricing issues: an economic perspective.

A W Hafner1, T J Podsadecki, W P Whitely

  • 1Division of Library and Information Management, American Medical Association, Chicago, Illinois 60610.

Bulletin of the Medical Library Association
|July 1, 1990
PubMed
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Scientific journal prices have surged, straining library budgets and impacting access to vital research. This economic analysis explores publisher and librarian perspectives to find solutions for sustainable academic publishing.

Area of Science:

  • Bibliometrics
  • Health Sciences Librarianship
  • Scholarly Communication

Background:

  • Scientific journal prices have risen significantly over the past two decades, exceeding inflation rates.
  • These escalating costs challenge the acquisition capabilities of health sciences libraries.
  • The mission of libraries to provide access to current and future scientific information is threatened.

Purpose of the Study:

  • To provide an economic analysis of scientific journal price increases.
  • To examine differing perspectives from publishers, librarians, faculty, and information consumers.
  • To identify factors within journal publishing and pricing that contribute to price hikes.

Main Methods:

  • Economic analysis of viewpoints from various stakeholders in scientific publishing.

Related Experiment Videos

  • Examination of dual-pricing structures and the proliferation of narrowly focused medical journals.
  • Review of potential strategies to mitigate subscription rate increases.

    • Main Results:

    • Price increases are perceived differently by publishers, librarians, faculty, and consumers.
    • Dual-pricing and hyper-specialized journals contribute to rising costs.
    • Reduced library collections pose a threat to education and research.

    Conclusions:

    • Urgent action is required from publishers, librarians, faculty, and professional associations.
    • Collaborative efforts are necessary to control serial price increases.
    • Preserving library collections is crucial for the future of scientific information access and education.