HOW JOURNALS ARE PRICED Available to Purchase

Library managers are facing a problem. Not only won't it go away, but it's been increasing, seemingly at an exponential rate. What is this problem? The increase in the prices libraries are paying for journal subscriptions. In larger academic libraries, this rapid increase has kept pressure on the materials budget, thereby affecting the budget for books along with serials. But what determines journal prices? What forces drive them? And what actions might libraries or universities take to change the pattern of journal prices?