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RE: University of California Libraries Announce Pursuit of Value-based Journal Prices
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- Subject: RE: University of California Libraries Announce Pursuit of Value-based Journal Prices
- From: "Ivy Anderson" <Ivy.Anderson@ucop.edu>
- Date: Mon, 29 Jan 2007 17:57:20 EST
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Ann, You asked: >how would such "value-based pricing" work for smaller journals >and particularly journals in the non-sciences, such as many >social sciences, humanities, area studies, and the like? Or is >the aim of the document to assist in negotiations with the >larger STM package suppliers? In principle our aims are the same for all publishers: identify value metrics that can help us to evaluate the prices we pay for scholarly journals, and do this in a way that a) is objective and quantifiable, b) is based on both cost and value (given as well as received), and c) that can lead to more sustainable prices overall. To the extent that the Bergstrom-McAfee value indices that we used to test our ideas explicitly benchmark commercial publishers against non-profits in the same discipline, the methodology itself assumes (and appears to validate) that non-profits in general represent a better balancing of pricing and value that can be used as a yardstick against which to measure other publishers. We realize that this is just the beginning of a process; value metrics that rely on ISI citation data clearly won't help us with journals that aren't indexed by ISI, for example. But institutional contributions in the form of authorship and editorship can be identified for any journal, and cost-based price caps such as PPI are universally applicable as well. As we tried to suggest in the framing of our paper, we would like to engage the fuller community in identifying and applying appropriate value-based quantitative measures to the dilemma of journal pricing and price increases across the board. As one colleague has put it, our paper is an invitation to the academic community to pursue and strengthen the tie between value, quality, and price for scholarly materials. We have performed analyses on a range of publishers, including university presses as well as large commercial publishers, and publishers with varying concentrations of STM titles. From a practical perspective, there may be an incentive to concentrate on applying these analyses to larger packages where we can gain the most 'bang for the buck' if value and price are not well aligned. But we see that as more of a practical matter than a matter of principle or intellectual approach. Whether the approach itself (as it evolves) proves useful for a full range of publishers in all disciplines large and small is something we hope to learn as we go forward. Others among my fellow UC authors may wish to comment here as well. - Ivy -----Original Message----- From: email@example.com [mailto:firstname.lastname@example.org] On Behalf Of Ann Okerson Sent: Wednesday, January 24, 2007 1:38 PM To: email@example.com Subject: Re: University of California Libraries Announce Pursuit of Value-based Journal Prices Ivy, how would such "value-based pricing" work for smaller journals and particularly journals in the non-sciences, such as many social sciences, humanities, area studies, and the like? Or is the aim of the document to assist in negotiations with the larger STM package suppliers? Thank you, Ann Okerson/Yale Library On Thu, 18 Jan 2007, Ivy Anderson wrote: > The University of California Libraries are pleased to share a > press release describing our work on "value-based" prices of > scholarly journals. Please see the complete release (attached > and below) for fuller information. > > Best, > > Ivy Anderson > Director of Collections > California Digital Library > firstname.lastname@example.org > http://www.cdlib.org
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