Stéphani Gagnon has self-archived "Journal Publishers' Big Deals: Are They Worth It?."
Here's an excerpt:
Following the initial Wiley's unbundling based on quantitative indicators, Université de Montréal refined its analysis methodology to incorporate qualitative indicators; i.e., the voice of its community. That methodology allowed identification of 5,893 periodicals deemed essential out of a possible 50,000 subscriptions. We realized that, at best, barely more than a third of the periodicals included in most Big Deals are truly of use.
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