Economics Of Academic Libraries

Libraries are included in the widely accepted definition of Cultural and Creative Industries, together with heritage, performing arts, museums, visual arts, and archives, and they play an important role in the creative value chain. The Economics of Libraries highlights the economic importance of the library sector. Providing an accessible and concise expert overview of the most important economic features and diversified functions of libraries, the authors also summarise the challenges and opportunities deriving from digital technologies, the management of cultural infrastructures, and audience development. This unique short-form book fills a longstanding gap in our understanding of the demand and supply of library services. This book will be of interest to researchers and scholars in the fields of economics and the creative and cultural industries. It also provides useful insights for students and lecturers, as well as topics of discussion for professionals.

Originally published in 1996 by the Association of Research Libraries as conference proceedings and currently co-published as Journal of Library Administration v.26, no.1/2 1998. Presents papers addressing many of the digital information cost issues that affect libraries, including electronic publishing, intellectual property rights, resource sharing, document delivery, and institutional investment in digital resources. No index. Annotation copyrighted by Book News, Inc., Portland, OR

This book provides a companion volume to Digital Library Economics and focuses on the ‘how to’ of managing digital collections and services (of all types) with regard to their financing and financial management. The emphasis is on case studies and practical examples drawn from a wide variety of contexts. A Handbook of Digital Library Economics is a practical manual for those involved – or expecting to be involved – in the development and management of digital libraries. Provides practical approach to the subject Focuses on the challenges associated with the economic and financial aspects of digital developments Will be valuable to practitioners, and tutors and students in a wide variety of situations

The Economics of Access Versus Ownership offers library professionals a model economic analysis of providing access to journal articles through interlibrary loan as compared to library subscriptions to the journals. This model enables library directors to do an economic analysis of interlibrary loan and collection development in their own libraries and to then make cost-efficient decisions about the use of these services. This practical book’s analysis and conclusions are based on 1994/95 academic year research conducted by the State University of New York libraries at Albany, Binghamton, Buffalo, and Stony Brook. The research determined the costs and benefits of high-priced, low-use scholarly journals, focusing on journals in the mathematics and sciences that historically have high prices, low levels of use, and increasing rates of price escalation. The libraries’financial costs of access by interlibrary loan versus journal subscriptions was calculated and, using this information, a set of decision rules was established. Library directors and interlibrary loan/collection development heads can use this set of decision rules to determine, based on the level of use and subscription price, whether they should provide access to journal articles via interlibrary loan or journal subscriptions. The research findings presented in The Economics of Access Versus Ownership are significant to library professionals as journal subscription prices escalate and commercial document delivery services, consortium agreements, and interlibrary loan hardware and software proliferate. Contributors explore important factors necessary to understanding the economics of access. They encourage readers to consider the following when choosing between journal subscriptions and interlibrary loan: financial costs fixed and marginal costs decision rules which determine the most economically efficient method of access the use of a library consortium and joint collection development within the consortium as an economically efficient method of access added benefits of a library consortium Information found in The Economics of Access Versus Ownership makes it a useful guide for university and college library directors, interlibrary loan department heads, and collection development heads trying to choose the most economically sound, both for their libraries and their patrons, form of access to journal articles.