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Once a few libraries have participated by sharing their data and subscription costs, it wouldn't be difficult to have this eReources Value Site calculate, rank and present data based on several criteria such as cost per site, or cost per FTE. (Similarly, if consortia provided their cost and usage information, then deals involving individual consortia could be compared.) In addition, descriptive information about individual titles or products could be used as fixed variables (i.e., number of articles published in a given year).

Unlike other proposed solutions to regulate the marketplace, the model of sharing local data with other libraries does not require all libraries to collude and participate in this project—those libraries that for whatever reason choose not to contribute data would still be able to view the data other libraries contributed. Those institutions located in open-records states or that have not already signed confidentiality clauses are in an ideal position to provide the initial leadership for the eResources Value Site. Benefits to each library, and to libraries as a whole, could be achieved initially by just a handful of libraries contributing to the database.

Please note that I am not arguing for keeping track of all electronic resources, just those resources where a particular publisher insists on keeping its pricing model opaque and hidden from the public. These tend to be the same publishers with which librarians must engage in months of laborious negotiations when their contracts come up for renewal.

In summary, the open sharing of local cost and usage data would provide immediate and beneficial effects on the scholarly publication market. An open market for sharing price and licensing information puts the library in a much stronger position for negotiation than does a confidential and opaque market.