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The Market of Academic Journals: Evidence from Data on French Libraries

Author

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  • Pierre Dubois
  • Adriana Hernandez-Perez
  • Marc Ivaldi

Abstract

This paper analyzes the demand and cost structure of the French market of academic journals. After merging several databases, we estimate an aggregated nested logit demand system combined simultaneously with a pricing equation, taking into account theevolution of impact factors of journals. We identify the structural parameters of this market and find that price elasticities of demand are relatively high, indicating that this industry experiences competitive constraints. We conjecture that the two-sidedness feature of academic journals could be a rationale for our results. (JEL: L11, L13, L82, C35) (c) 2007 by the European Economic Association.

Suggested Citation

  • Pierre Dubois & Adriana Hernandez-Perez & Marc Ivaldi, 2007. "The Market of Academic Journals: Evidence from Data on French Libraries," Journal of the European Economic Association, MIT Press, vol. 5(2-3), pages 390-399, 04-05.
    • Handle: RePEc:tpr:jeurec:v:5:y:2007:i:2-3:p:390-399
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    Cited by:

    1. Carbó-Valverde Santiago & Liñares-Zegarra José Manuel & Rodríguez-Fernández Francisco, 2012. "Feedback Loop Effects in Payment Card Markets: Empirical Evidence," Review of Network Economics, De Gruyter, vol. 11(2), pages 1-24, June.
    2. Sumiko Asai, 2020. "Market power of publishers in setting article processing charges for open access journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(2), pages 1037-1049, May.

    More about this item

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions

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