I guess I feel a better system would be for the author to set their wholesale price .. ie I want the retailer to pay me $1.40 for every book you sell or whatever price ... and then the Retailer could set their list prices and discounts as they see fit.
Their could be a clause that the book can't be listed on the "self-pubbed" (Smashwords etc) platforms for anything less than 200% or whatever of the wholesale price.
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