University of Illinois Urbana-Champaign

Estimating Scale and Scope Economies of Academic Libraries: Using the Flexible Fixed Cost Quadratic Function

Liu, Lewis G.; Terng, Charles

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https://hdl.handle.net/2142/121592

Description

Title
Estimating Scale and Scope Economies of Academic Libraries: Using the Flexible Fixed Cost Quadratic Function
Author(s)
  • Liu, Lewis G.
  • Terng, Charles
Issue Date
2022
Keyword(s)
  • economic cost
  • academic library
Abstract
This study estimates scale and scope economies of academic libraries. Previous studies using Cobb-Douglas cost function or a linear cost function have limitations in measuring multiple outputs of academic libraries since they used circulation as a single output measure. They also have limitations in estimating long-run cost functions of academic libraries. Some researchers applied the translog cost function to public libraries and recognized the multiple-output nature of libraries, but they mostly failed to incorporate multiple output measures in their analyses empirically. This study develops multiple aggregate output measures and applies the flexible fixed cost quadratic function to academic libraries.
Publisher
Johns Hopkins University Press and the Illinois School of Information Sciences, University of Illinois at Urbana-Champaign
Series/Report Name or Number
Library Trends 70 (3). Winter 2022
ISSN
0024-2594
Type of Resource
text
Language
eng
DOI
https://doi.org/10.1353/lib.2022.0005
Copyright and License Information
Copyright 2022 Board of Trustees of the University of Illinois

Owning Collections

Library Trends 70 (3) Winter 2022: Economic Cost and Efficiency Analyses of Academic Libraries [Restricted Access] PRIMARY
Library Trends 70 (3) Winter 2022: Economic Cost and Efficiency Analyses of Academic Libraries. Edited by Lewis G. Liu