Quote:
Originally Posted by khalleron
And it is not agency pricing, it's author pricing. The author sets the price. As I said before, Smashwords has no say in what price is set, except asking its partners to honor the authors' wishes.
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Agency pricing means that the publisher sets the price. In the case of Smashwords, which is not a publisher but a distributor, the publisher is usually the author (there are some small publishers who distribute through Smashwords). Agency pricing and author pricing are the same thing called by a different name. The industry term for the pricing scheme is agency pricing.
That Smashwords has no say in the price set makes no difference as to what the scheme is properly called. Under the Smashwords system, the author generally assumes the role of the traditional publisher.