430 likes | 589 Views
History and Hysteria. Carol Tenopir ctenopir@utk.edu University of Tennessee & Donald W. King dwking@umich.edu Society of Scholarly Publishing Annual Meeting June 1, 2000. Towards Electronic Journals: Bytes Out of Myths and Bits of Reality. Growth of Scholarly Journals.
E N D
History and Hysteria Carol Tenopir ctenopir@utk.edu University of Tennessee & Donald W. King dwking@umich.edu Society of Scholarly Publishing Annual Meeting June 1, 2000
Towards Electronic Journals:Bytes Out of Myths andBits of Reality
Growth of Internet Domains Source: Internet Software Consortium Domain Survey available at <http://www.isc.org/ds/hosts.html>
Carol Tenopir and Donald W. King. Towards Electronic Journal: Realities for Scientists, Librarians, and Publishers. Washington, D.C.: Special Libraries Association, 2000.
Questions • Are scholarly journals worth saving? • What are the price and demand relationships? • Why have journal prices spiraled upward? • Where do we go from here?
Trends in the Use, Usefulness, and Value of Scholarly Journals
Facts Behind the Myths • Growth of journal literature is correlated with the number of scientists • 70% of all readings are done by non-academicians
Why these myths? • Citation counts do not measure all readings • The data from some studies done in the 1960s and 1970s was misinterpreted
Estimated Number of Readings • The extrapolated estimate is about 520 readings per article • In reality the number is closer to 860 • A current estimate is about 900 readings per article
Amount of Journal Readings • Scientists read from an average of 18 journals each year • Only one of 18 have over 25 readings • Half are read less than five times • Increasingly users are relying on a variety of sources for information
Growth of... Scholarly Journals Internet Domains
WWW Impact • PubMed searches reached up to 400,000 per day in 1998 • A month worth of searches in PubMed equaled a year of MEDLINE searches (about 7.6 million)
University Scientists’ Use • Electronic journal use depends on the field of science • Studies show about 50% of faculty prefer electronic journals
Usefulness & Value ofScholarly Articles • Information serves many purposes • Highly important to these purposes • Readers are willing to pay a high price for the information in their time • The information results in improved performance
Scholarly Journals Examined from a Systems Perspective • Several 1970s studies for NSF • Identified/characterized functions, participants, input resources & outputs of hundreds of activities • Assessed current & future effects of technologies & other resources
Total Cost(excluding $’s exchanged) • 1977 $16 billion (1998 $) • 1998 $45 billion
$5900 $7200 $65 $60 Average System Costs Per Scientist Per Reading 1977 1998
Trends on System Costs • Scientists’ costs are up • Library resources costs are down • Publishing resource costs are down
The Question!!! Why have average prices risen by a factor of nearly 10 times over a period of time in which the relative cost of publishing has actually decreased?
To understand price one must understand publishing costs • Five publishing functions: • Article processing (= $190,000) • Non-article processing (= $19,500) • Reproduction (= $101,000) • Distribution (= $80,500) • Support (= $168,500) • Total (= $559,500)
What do average prices mean? • Price per journal • Price per subscription • Price per article • Price per page
Causes & Consequences of Spiraling Prices • Inflation & increased size • Triggers in the 1970s • Personal & library subscription elasticities • High fixed costs • Readers, libraries & publishers all lose • Yet, journal system costs have not changed
Why have journal prices spiraled upward? • Size and Inflation—56% • Drop in personal subscriptions • Addition of new, low-circulation journals—17% • McCabe thesis • High profit/net revenue
2,500 – 2,400 2,000 – 1,900 1,500 – 1,400 1,000 – 900 500 – 400 $6 8 18 41 186 Costs of Low-Circulation Journals Drop Required Cost
Average Number of Personal Subscriptions to Scholarly Journals
What factors affect demand? • Price • Journal attributes • Availability & relative cost of alternatives • Combinations of distribution means and media are finding a niche
Two components of costs/price • Article processing • Distribution/access
Article processing • Wide range of quoted costs • Costs similar for paper & electronic versions • Range of cost a moot point
Distribution/Access • Electronic distribution.access costs negligible • Paper subscription ($25-$35 per subscription) • Paper separate copy ($15-$30 per item) • Paper subscription costs per reading is low for frequently read journals • Paper versions may cost less for some journals when scientist costs are included
Some merit in considering alternative sources of revenue to recover article processing costs
Number of Separate Copies of Articles Received by Scientists
Some alternative pricing policies • Site licenses • Differential pricing • Unit pricing • No magic bullet
Where Do We Go From Here? • New and specialized journals will be electronic • Journal availability in print and electronic • Impact of full-text databases • Emphasis on accessibility of information • Time is valuable