%0 Report
%9 Working Paper
%A Jeon, Doh-Shin
%A Menicucci, Domenico
%B TSE Working Paper
%D 2013
%F publications:15701
%I Université Toulouse Capitole
%K Library Consortium
%K Academic Journals
%K Personalized Prices
%K Cor- relation
%K Multimarket contact
%K Level-playing Field
%T The Benefits of Diverse Preferences in Library Consortia
%U https://publications.ut-capitole.fr/id/eprint/15701/
%V 13-425
%X This paper identifies strategies to build a library consortium from a long term point of view. Contrary to the conventional wisdom to build a consortium around groups of homogenous institutions (Davis, 2002), we find that libraries with similar preferences are likely to lose from building a consortium while libraries with opposite preferences almost always gain from it. Our results suggest a strong tension between a short-term strategy and a long-term strategy as long as the former dictates forming a consortium around libraries with homogenous preferences in order to gain from quantity discounts. This tension might create a "library consortium trap".