Abstract
Over the past decade, scientific publishing has shifted from a paper-based distribution system to one largely built upon electronic access to journal articles. Despite this shift, the basic patterns of journal pricing have remained largely unchanged. The large commercial publishers charge dramatically higher prices to institutions than do professional societies and university presses. These price differences do not reflect differences in quality as measured by citation rate. We discuss the effect of price and citation rate of a journal on library subscriptions and offer an explanation for why competition has not been able to erode the price differences between commercial and non-profit journals.
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