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I hear what you're saying, Lee. I don't think people who primarily bought used books or borrowed books will drive prices. But I dunno that publishers will be able to hold current price points.
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You may be right, time will tell. That's why I don't fret over the "Agency 5". Why should I care? I was never one to buy the hard backs anyway. If I could wait for the paper back, why can't I wait for the ebook to drop in price?
But I am a fan of a few authors and eagerly look forward to when their books are released. I've paid $22 for a Harry Potter hard back so I could have it on the first day, so why would I not pay $14.99 for an ebook if Rawlings were to write another Harry Potter book? I'd pay $30 for said new Harry Potter ebook. I'm a fan. I'm not paying for paper or bandwith, I'm paying for the story and for the experience of reading it when all my friends are reading it.
The publishers will drop the price of books, like they always have. They start high, get as much as they can during that demand window, and drop prices as demand wanes. Only they will have far more flexibility with pricing for demand.
They simply will go by what people actually spend money for.
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As it is, I'm not complaining about e-book prices. I already pay less for digital now than I used to pay for trade paperbacks, which were my primary print purchases.
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Yep. I buy ebooks, and for the most part, they have been right about the price of a paper back. Those few I've spent more for, are those that I would have had to spend even MORE to get the hard back.
Lee