Because of the structure of the Big Deal contracts, cancelinga print journal yields little savings, because cancellation saves only afraction of the journal’s list price (in some cases, 10 percent). So, forexample, while the price of the Journal of Economic Theory, an Elseviertitle, was $2070 per year in 2002, canceling the journal might only havesaved a school $207. This means that if a competitor offers an alternativejournal comparable to the Journal of Economic Theory for $300, and thelibrary could not afford both, the library would not take the alternativejournal—to do so would actually cost the library $100 extra. To competeeffectively, the publisher of alternative journals either must price below$200, or it must produce its own bundle of journals of sufficient sizeand breadth that the school would actually be willing to cancel all ofScienceDirect instead of just the print titles.
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