{"title":"Estimating Scale and Scope Economies of Academic Libraries: Using the Flexible Fixed Cost Quadratic Function","authors":"L. Liu, Charles Terng","doi":"10.1353/lib.2022.0005","DOIUrl":null,"url":null,"abstract":"Abstract:This study estimates scale and scope economies of academic libraries. Previous studies using Cobb-Douglas cost function or a linear cost function have limitations in measuring multiple outputs of academic libraries since they used circulation as a single output measure. They also have limitations in estimating long-run cost functions of academic libraries. Some researchers applied the translog cost function to public libraries and recognized the multiple-output nature of libraries, but they mostly failed to incorporate multiple output measures in their analyses empirically. This study develops multiple aggregate output measures and applies the flexible fixed cost quadratic function to academic libraries.","PeriodicalId":47175,"journal":{"name":"Library Trends","volume":"70 1","pages":"284 - 303"},"PeriodicalIF":0.3000,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Library Trends","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1353/lib.2022.0005","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"INFORMATION SCIENCE & LIBRARY SCIENCE","Score":null,"Total":0}
引用次数: 1
Abstract
Abstract:This study estimates scale and scope economies of academic libraries. Previous studies using Cobb-Douglas cost function or a linear cost function have limitations in measuring multiple outputs of academic libraries since they used circulation as a single output measure. They also have limitations in estimating long-run cost functions of academic libraries. Some researchers applied the translog cost function to public libraries and recognized the multiple-output nature of libraries, but they mostly failed to incorporate multiple output measures in their analyses empirically. This study develops multiple aggregate output measures and applies the flexible fixed cost quadratic function to academic libraries.
期刊介绍:
Library Trends, issued quarterly and edited by F. W. Lancaster, explores critical trends in professional librarianship, including practical applications, thorough analyses, and literature reviews. Both practicing librarians and educators use Library Trends as an essential tool in their professional development and continuing education. Each issue is devoted to a single aspect of professional activity or interest. In-depth, thoughtful articles explore important facets of the issue topic. Every year, Library Trends provides breadth, covering a wide variety of themes, from special libraries to emerging technologies. An invaluable resource to practicing librarians and educators, the journal is an important tool that is utilized for professional development and continuing education.