The UC libraries announce a report describing their work on “value-based” prices for scholarly journals. Authored by a task force of the ten-campus library system’s Collection Development Committee, The Promise of Value-based Journal Prices and Negotiation: A UC Report and View Forward is a direct outcome of the UC libraries’ collective strategic priority to advance economically balanced and sustainable scholarly communication systems. The report details UC’s rationale for value-based journal prices and modeling of prices for scholarly materials that are reasonable, transparent, and based upon the value of the material to the academic mission of the University of California.

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