Jeon, Doh-Shin and Menicucci, Domenico
(2017)
The Benefits of Diverse Preferences in Library Consortia.
Journal of Industrial Economics, 65 (1).
pp. 105-135.
This is the latest version of this item.
Abstract
We study the case in which a library consortium increases the aggregate payoff of the member libraries. We find that libraries with similar preferences are likely to lose from building a consortium and that those with diverse preferences are likely to gain by doing so. Combining libraries with diverse preferences implies that their valuation for different publishers' journals is more symmetric, which intensifies competition among publishers for scarce combined budgets. A tension between short term and long term considerations might generate a ‘library consortium trap.’ Our insight can be applied to other buyer groups as long as competition is generated by buyers' budget constraints.
Item Type: | Article |
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Language: | English |
Date: | March 2017 |
Refereed: | Yes |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Site: | UT1 |
Date Deposited: | 18 Apr 2016 14:49 |
Last Modified: | 02 Apr 2021 15:51 |
OAI Identifier: | oai:tse-fr.eu:30252 |
URI: | https://publications.ut-capitole.fr/id/eprint/19746 |
Available Versions of this Item
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The Benefits of Diverse Preferences in Library Consortia. (deposited 09 Jul 2014 17:37)
- The Benefits of Diverse Preferences in Library Consortia. (deposited 18 Apr 2016 14:49) [Currently Displayed]