DEMAND FOR ECONOMICS JOURNALS: A CROSS SECTION ANALYSIS.

The article estimates the demand function for economics journals by means of a cross section analysis. Nine equations, one for each separate index of quality, and two equations without such an index were estimated by using the ordinary least squares method. Both a linear and a log linear form were t...

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Detalles Bibliográficos
Publicado en:Review of Economics & Statistics Vol. 59; no. 4; pp. 493 - 500
Autor principal: Odagiri, Hiroyuki
Formato: Artículo
Publicado: MIT Press Nov77
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The article estimates the demand function for economics journals by means of a cross section analysis. Nine equations, one for each separate index of quality, and two equations without such an index were estimated by using the ordinary least squares method. Both a linear and a log linear form were tried. The demand for an economics journal is mostly explained by its price and its quality as is the case with other commodities economics deals with. Unfortunately, the difference in samples among studies on the quality of economics journals prevented a complete ranking of the quality indices in terms of their power to explain the demand for economics journals. Nevertheless, it is shown that five out of nine were dominated by at least one of the other indices. The author urges that some measure be taken to make data about circulation available to the public. This not only would promote the study of the economics journal market and eventually help to improve the efficiency of the market, but also would help every economist in making a decision about which journal to subscribe to and to which journal to submit his work.