University of Illinois Urbana-Champaign

Exploring the Determinants of Scholarly Book Prices in the Fields of Science, Technology, and Medicine

Liu, Lewis G.; Gee, Harold; Terng, Charles

Permalink

https://hdl.handle.net/2142/102332

Description

Title
Exploring the Determinants of Scholarly Book Prices in the Fields of Science, Technology, and Medicine
Author(s)
  • Liu, Lewis G.
  • Gee, Harold
  • Terng, Charles
Issue Date
2018
Keyword(s)
  • Empirical studies
  • Pricing
  • Academic libraries
  • Scholarly publishing
  • Book market trends
Abstract
This empirical study examines long-term and current book market trends and important factors affecting scholarly book prices in science, technology, and medicine (STM). It analyzes the market demand, supply, and prices of STM books and how they affect academic libraries' budgets. A semilogarithmic econometric model is formulated to explore the factors that affect STM book prices. Various product features, including book length, cover type, format, supplier types, and publication locations, are examined. The empirical results are mostly statistically significant, particularly for some key factors. The overall findings of this study have policy implications for academic libraries' books collections and acquisitions.
Publisher
Johns Hopkins University Press. The School of Information Sciences at Illinois. University of Illinois at Urbana-Champaign.
Series/Report Name or Number
Library Trends 67 (2). Fall 2018
Type of Resource
text
Language
en
Permalink
http://hdl.handle.net/2142/102332
DOI
https://doi.org/10.1353/lib.2018.0036
Copyright and License Information
Copyright 2018 Board of Trustees of the University of Illinois

Owning Collections

Library Trends 67 (2) Fall 2018: The Role and Impact of Commercial and Noncommercial Publishers in Scholarly Publishing on Academic Libraries PRIMARY
Library Trends 67 (2) Fall 2018: The Role and Impact of Commercial and Noncommercial Publishers in Scholarly Publishing on Academic Libraries. Edited by Lewis G. Liu