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Serials Crisis
The term serials crisis has become a common shorthand to describe the chronic subscription cost increases of many serial publications such as scholarly journals. The prices of these institutional or library subscriptions have been rising much faster than the Consumer Price Index for several decades, while the funds available to the libraries have remained static or have declined in real terms. As a result, academic and research libraries have regularly canceled serial subscriptions to accommodate price increases of the remaining current subscriptions. Increased prices have also led to the increased popularity in shadow libraries. On August 25, 2022 US Office of Science and Technology Policy under Biden's administration issued guidance to make all federally funded research in the USA freely available without delay. Causes The subscription prices of scholarly journals have been increasing at a rate faster than the inflation rate for several decades. This chronic inflation is ca ...
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Subscription Business Model
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, and is now used by many businesses, websites and even pharmaceutical companies in partnership with the government. Subscriptions Rather than selling products individually, a subscription offers periodic (daily, weekly, bi-weekly, monthly, semi-annual, yearly/annual, or seasonal) use or access to a product or service, or, in the case of performance-oriented organizations such as opera companies, tickets to the entire run of some set number of (e.g., five to fifteen) scheduled performances for an entire season. Thus, a one-time sale of a product can become a recurring sale and can build brand loyalty. Industries that use this model include mail order book sales clubs and music sales clubs, private web mail providers, cable television, sate ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econ ...
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Academic Journal Publishing Reform
Academic journal publishing reform is the advocacy for changes in the way academic journals are created and distributed in the age of the Internet and the advent of electronic publishing. Since the rise of the Internet, people have organized campaigns to change the relationships among and between academic authors, their traditional distributors and their readership. Most of the discussion has centered on taking advantage of benefits offered by the Internet's capacity for widespread distribution of reading material. History Before the advent of the Internet it was difficult for scholars to distribute articles giving their research results. Historically publishers performed services including proofreading, typesetting, copy editing, printing, and worldwide distribution. In modern times all researchers became expected to give the publishers digital copies of their work which needed no further processing. For digital distribution printing was unnecessary, copying was free, and worldwi ...
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Open Access Repositories
An open repository or open-access repository is a digital platform that holds research output and provides free, immediate and permanent access to research results for anyone to use, download and distribute. To facilitate open access such repositories must be interoperable according to the Open Archives Initiative Protocol for Metadata Harvesting (OAI-PMH). Search engines harvest the content of open access repositories, constructing a database of worldwide, free of charge available research. Open-access repositories, such as an institutional repository or disciplinary repository, provide free access to research for users outside the institutional community and are one of the recommended ways to achieve the open access vision described in the Budapest Open Access Initiative definition of open access. This is sometimes referred to as the self-archiving or "green" route to open access. Benefits The benefits of open-access repositories are: * Opening up outputs of the institution t ...
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Open Access Journal
Open access (OA) is a set of principles and a range of practices through which research outputs are distributed online, free of access charges or other barriers. With open access strictly defined (according to the 2001 definition), or libre open access, barriers to copying or reuse are also reduced or removed by applying an open license for copyright. The main focus of the open access movement is "peer reviewed research literature". Historically, this has centered mainly on print-based academic journals. Whereas non-open access journals cover publishing costs through access tolls such as subscriptions, site licenses or pay-per-view charges, open-access journals are characterised by funding models which do not require the reader to pay to read the journal's contents, relying instead on author fees or on public funding, subsidies and sponsorships. Open access can be applied to all forms of published research output, including peer-reviewed and non peer-reviewed academic journ ...
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Unpaywall Journals
OurResearch, formerly known as ImpactStory, is a nonprofit organization which creates and distributes tools and services for libraries, institutions and researchers. The organization follows open practices with their data (to the extent allowed by providers' terms of service), code, and governance. OurResearch is funded by the Alfred P. Sloan Foundation, the National Science Foundation, and Arcadia Fund. ImpactStory ImpactStory is the first open source, web-based tool released by ''OurResearch''. It provides altmetrics to help researchers measure the impacts of their research outputs including journal articles, blog posts, datasets, and software. This aims to change the focus of the scholarly reward system to value and encourage web-native scholarship. It provides context to its metrics so that they are meaningful without knowledge of the specific dataset: for example, instead of letting the reader guess whether having five forks on GitHub is common, ImpactStory would tell tha ...
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Scholarly Publishing And Academic Resources Coalition
The Scholarly Publishing and Academic Resources Coalition (SPARC) is an international alliance of academic and research libraries developed by the Association of Research Libraries in 1998 which promotes open access to scholarship. The coalition currently includes some 800 institutions in North America, Europe, Japan, China and Australia. Richard Johnson served as director 1998-2005. Heather Joseph became executive director in 2005. History The idea of SPARC was presented at the 1997 annual meeting of the Association of Research Libraries. Kenneth Frazier, librarian at the University of Wisconsin, proposed that attendees at the meeting develop a fund to create a new publication model for academic journals wherein many libraries contributed to that fund, and from that fund, the contributors would create new publications on some model which lowered the costs of all journals. As founding director, Rick Johnson led the establishment of SPARC in 2002 as a result of so many librarian ...
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Information Asymmetry
In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. Information asymmetry creates an imbalance of power in transactions, which can sometimes cause the transactions to be inefficient, causing market failure in the worst case. Examples of this problem are adverse selection, moral hazard, and monopolies of knowledge. A common way to visualise information asymmetry is with a scale with one side being the seller and the other the buyer. When the seller has more or better information the transaction will more likely occur in the seller's favour ("the balance of power has shifted to the seller"). An example of this could be when a used car is sold, the seller is likely to have a much better understanding of the car's condition and hence its market value than the buyer, who can only estimate the market value based on the information provided by the seller and their own a ...
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Toll Access
Toll may refer to: Transportation * Toll (fee) a fee charged for the use of a road or waterway ** Road pricing, the modern practice of charging for road use ** Road toll (historic), the historic practice of charging for road use ** Shadow toll, payments made by government to the private sector operator of a road based on the number of vehicles using the road * Road toll (Australia and New Zealand), term for road death toll, i.e., the number of deaths caused annually by road accidents Brands and enterprises * Toll Brothers, Horsham Township, Pennsylvania based construction company founded by brothers Robert I. Toll and Bruce E. Toll * Toll Collect, a transportation support company in Germany * Toll Group, an Australian transportation company ** Toll Domestic Forwarding, an Australian freight forwarder ** Toll Ipec, Australian transportation company ** Toll Resources & Government Logistics Science * Toll (gene), encode members of the Toll-like receptor class of proteins * Toll ...
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Big Five (publishers)
Publishing is the activity of making information, literature, music, software and other content available to the public for sale or for free. Traditionally, the term refers to the creation and distribution of printed works, such as books, newspapers, and magazines. With the advent of digital information systems, the scope has expanded to include electronic publishing such as ebooks, academic journals, micropublishing, websites, blogs, video game publishing, and the like. Publishing may produce private, club, commons or public goods and may be conducted as a commercial, public, social or community activity. The commercial publishing industry ranges from large multinational conglomerates such as Bertelsmann, RELX, Pearson and Thomson Reuters to thousands of small independents. It has various divisions such as trade/retail publishing of fiction and non-fiction, educational publishing (k-12) and academic and scientific publishing. Publishing is also undertaken by governments, civi ...
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Open Access
Open access (OA) is a set of principles and a range of practices through which research outputs are distributed online, free of access charges or other barriers. With open access strictly defined (according to the 2001 definition), or libre open access, barriers to copying or reuse are also reduced or removed by applying an open license for copyright. The main focus of the open access movement is "peer reviewed research literature". Historically, this has centered mainly on print-based academic journals. Whereas non-open access journals cover publishing costs through access tolls such as subscriptions, site licenses or pay-per-view charges, open-access journals are characterised by funding models which do not require the reader to pay to read the journal's contents, relying instead on author fees or on public funding, subsidies and sponsorships. Open access can be applied to all forms of published research output, including peer-reviewed and non peer-reviewed academic journa ...
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