Abstract
This article discusses the ability of publishers to “pass through” a depreciation of the U.S. dollar by increasing the prices of foreign academic journals. A dollar depreciation is analyzed as a decrease in the supply of foreign academic journals. The price elasticities of demand and supply are defined and illustrated. The relative strengths of the price elasticities are shown to determine the amount of “pass through” and the distribution of the burden of a dollar depreciation between the buyers and the publishers.
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References
Bebensee, Mark, Bruce Strauch, and Katina Strauch, “Elasticity and Journal Pricing,”The Acquisitions Librarian,2 (1989): 219–226.
The Economist, “Economic and Financial Indicators,” Oct. 20, 1990, p. 128.
Hamaker, Chuck,Newsletter on Serials Pricing 25 (August 8, 1990); reprinted inAgainst the Grain, 2, 4 (September 1990).
Yeager, Leland B.International Monetary Relations, New York: Harper and Row, 1976.
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W. William Woolsey received his Ph.D. in economics from George Mason University in 1987. A Bruce Strauch is associate professor of law and economics at The Citadel. He received his J.D. from University of North Carolina at Chapel Hill.
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Woolsey, W.W., Strauch, A.B. Impact of a dollar depreciation on the prices of foreign academic journals: A supply and demand analysis. Publishing Research Quarterly 8, 74–81 (1992). https://doi.org/10.1007/BF02680523
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DOI: https://doi.org/10.1007/BF02680523