Contents

• Preface
• Contributors
• Acknowledgements
• I. Overview
  • 1. Stakeholders and successful digital transformation of the research library
    • 1.1 Institutional transformation
    • 1.2 The Ecology of Libraries: Transformation in Context
      • Technology Forces
      • Information Creators
      • Publishers
      • Users
      • The Economics of Libraries
    • 1.3 Understanding the transformation
    • Notes
  • 2. The Rapid Evolution of Scholarly Communication
    • 2.1 Introduction
    • 2.2 Rates of technological change
    • 2.3 Disruptive technologies
    • 2.4 Effects of barriers to use
    • 2.5 Scholarly information as a commodity
    • 2.6 Usage of print journals
    • 2.7 Growth in usage of electronic information
    • 2.8 Electronic journals and other organized databases
    • 2.9 New forms of scholarly communication
    • 2.10 Conclusions and predictions
    • Notes
• II. Pricing Electronic Access to Knowledge: The PEAK Experiment
  • Section Introduction: Pricing Electronic Access to Knowledge (The PEAK Experiment)
  • 4. The PEAK Project: A Field Experiment in Pricing and Usage of a Digital Collection
    • 4.1 PEAK in context: Electronic journal publishing and the University of Michigan Library
    • 4.2 Issues guiding the design of PEAK
    • 4.3 System design and implementation
    • 4.4 Economic and experimental design
    • 4.5 Pricing
    • 4.6 Results
      • Revenues and costs
    • 4.7 User demographics
    • 4.8 Discussion
    • Notes
  • 5. PEAK and Elsevier Science
    • 5.1 Pre-PEAK experimentation with the University of Michigan
    • 5.2 From TULIP to PEAK
    • 5.3 PEAK design
    • 5.4 Elsevier's ScienceDirect activities during PEAK
    • 5.5 ScienceDirect versus PEAK pricing
    • 5.6 Access to the whole database
    • 5.7 Transition from PEAK to ScienceDirect
    • 5.8 Longer term effect of PEAK on ScienceDirect
    • Notes
  • 6. User cost, usage and library purchasing of electronically-accessed journals
    • 6.1 Introduction
    • 6.2 Access options offered
    • 6.3 Summary of user costs
    • 6.4 Effects of user cost on access
      • Non-pecuniary costs
      • Pecuniary costs
      • Summary: Effects of user costs
    • 6.5 Effects of Expected User Cost on Access
    • 6.6 Improving library budgeting with usage information
      • Improved budgeting with improved usage forecasts
      • Decisions about specific titles
      • Dynamic Optimal Choice
    • 6.7 Conclusion
    • Notes
• III. Digital Publishing Economics — Jeffrey K. MacKie-Mason
  • 8. Scholarly Journal and Digital Database Pricing: Threat or Opportunity?
    • 8.1 Introduction
    • 8.2 Are Scientific Scholarly Journals Worth Saving?
    • 8.3 Scholarly Journals Examined from a Systems Perspective
    • 8.4 To Understand Price One Must Understand Publishing Costs
    • 8.5 What do Average Prices Mean?
    • 8.6 Reasons Why Journal Subscription Prices Spiraled Upward
    • 8.7 Factors That Affect Demand
    • 8.8 What Are We Really Buying?
    • 8.9 Era of Site Licensing and Package Arrangements
    • 8.10 Some Alternative Pricing Policies
    • Notes
  • 9. Economic Models of Digital-Only Journals
    • 9.1 Background
    • 9.2 The models
    • 9.3 Modelling software and simulations
    • 9.4 Results
    • 9.5 Traditional model
    • 9.6 Free-access model
    • 9.7 The market model
    • 9.8 Discussion
    • Notes
  • 10. Electronic Publishing Models and The Pricing Challenge
    • 10.1 Scholarly Publishing in Transition
    • 10.2 Access and Pricing Models
    • 10.3 Pricing Challenges
    • 10.4 Conclusions
    • Notes
  • 11. A Portfolio Approach to Journal Pricing
    • 11.1 Introduction
    • 11.2 Journal Demand
    • 11.3 For-Profit Journal Pricing
    • 11.4 Testing the Portfolio Theory
      • Empirical Models
      • Data
      • Descriptive Statistics
      • Estimation Results
    • 11.5 Policy Implications and Future Directions
      • Market Failure?
      • Antitrust Paradigms
      • A Digital Future
    • 11.6 Conclusions
    • Notes
  • 12. Capitalizing on Competition: The Economic Underpinnings of SPARC
    • 12.1 The Environment
    • 12.2 The Noncompetitive STM Marketplace
    • 12.3 Calls for Competition
    • 12.4 SPARC
      • SPARC Alternatives
      • SPARC Leading Edge Partnerships
      • SPARC Scientific Communities
    • 12.5 Evaluating the SPARC Model
      • The SPARC Purchasing Commitment
      • The Emergence of New Pricing Models
    • 12.6 Measuring Success
    • Notes
  • 13. RePEc, an Open Library for Economics
    • 13.1 Introduction
    • 13.2 The RePEc document dataset
      • Origin and motivation of RePEc
      • Towards an Internet-based scholarly dissemination system
      • The architecture of RePEc
      • The documents available through RePEc
    • 13.3 The ReDIF metadata
      • A closer look at the contents
      • Institutional registration
      • Personal registration
    • 13.4 The open library
      • The open source concept
      • Open Source and open library
      • The definition of the open library
      • The open library and the Open Archive
      • The conceptual challenge raised by the open library
    • 13.5 Conclusions
    • Appendix A: The main use services
    • Appendix B: The ReDIF metadata format
    • Notes
• IV. Building and Using Digital Libraries
  • 14. Building and Using Digital Libraries
  • 15. The Economics of Digital Access: The Early Canadiana Online Project
    • 15.1 Introduction
    • 15.2 The Costs and Benefits of Digital Access to Information
      • Patrons of Early Canadiana Online
      • Producers
      • Intermediaries
      • Individual and Shared Costs and the Role of Information Intermediaries
      • Market Forces: Demand and Supply
    • 15.3 Cost Estimates of Early Canadiana Online
      • The Cost of Print
      • The Cost of Microfiche
      • The Cost of Digital
      • Economies of Scale
      • Cost of Access to Digital Information
      • User Costs of Access
    • 15.4 Conclusions
    • Notes
  • 16. The Columbia University Evaluation Study of Online Book Use
    • 16.1 Introduction
    • 16.2 Economic Perspective
      • Individual economic factors
      • Staff Economic Factors
      • Library Economic Factors
      • Publisher Economic Factors
    • 16.3 Issues affecting the design of the studies
      • Why put books online?
      • Why not put books online?
      • National Environment: Access
      • National Environment: Computer pricing
      • Local Columbia Environment
    • 16.4 Cost data
      • Design Considerations: Librarians
      • Design Considerations: Scholars
    • 16.5 Study of Users
      • Analysis of individual use
      • Online Versus Paper: Usage Data
    • 16.6 Economic Behavior
      • Economic Behavior of Scholars
      • Economic Perspective of Librarians
      • Speculations on Marketing Strategies
    • 16.7 Concluding Unscientific Postscript
    • Notes
  • 17. Revitalizing Older Published Literature: Preliminary Lessons from the Use of JSTOR
    • 17.1 Comparing JSTOR Use to the Usage of the Journals in Paper Format
    • 17.2 The Interdisciplinary Appeal of JSTOR
    • 17.3 Nature and Distribution of Use
    • 17.4 Selection Criteria
    • 17.5 Age of Useful Articles
    • 17.6 Conclusion
    • Notes
  • 18. Measuring the Impact of an Electronic Journal Collection on Library Costs: A Framework and Preliminary Observations
    • 18.1 Introduction
    • 18.2 Background
    • 18.3 Development of Drexel's Electronic Journal Collection
    • 18.4 Impact on Library Staffing and Other Costs
      • Infrastructure
      • Subscription Costs
      • Administration/Management
      • Technical Services
      • Circulation/Access/Stack Maintenance
      • Reserve
      • Document Delivery/Interlibrary Loan (DD/ILL)
      • Reference/Information Services (IS)
    • 18.5 Discussion
    • Notes
  • 19. The Impact of Digital Collections on Library Use: The Manager's Perspective
    • 19.1 Introduction
    • 19.2 Electronic Information Environment — Kentucky
    • 19.3 University of Louisville — Libraries
    • 19.4 Library Use — Statistics and Observations
    • 19.5 Electronic Information Use in Distance Education
    • 19.6 Assessment of Library Users
    • 19.7 Future
    • Notes
  • 20. Economics and Usage of a Corporate Digital Library
    • 20.1 Background
    • 20.2 The BT Library
    • 20.3 Methodology
    • 20.4 Qualitative feedback
    • 20.5 Usage of the Digital Library
      • Journals
      • IEL
      • ABI/Inform
      • Elsevier
      • Books
    • 20.6 Conclusion
• Bibliography

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