Quote:
Originally Posted by leebase
We agree. Perhaps you misunderstood. A publisher could put out an ebook at a $1,000,000 price. But no one has to buy said ebook.
Without saying a word, said publisher would find out rather quickly that no one is buying his million dollar ebook.
What about $14.99? No one need say a thing. Either the ebook will sell at that price, or it won't. It does not matter the cost to produce the ebook. It does not matter what effecencies ebook distribution brings. DRM does not change anything.
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What I'm afraid will happen is that the publishers won't conclude "Oh, we priced that book too high for the market" and will instead infer "Oh, ebooks aren't desired" or "Oh, people aren't buying, so it must be piracy".
You go on and on in many threads about how publishers should be able to price how they want, and how we consumers shouldn't ever criticize that because The Market will decide what works. But if consumers don't make it clear that they're not buying due to
price, rather than
format (or drm or geo-restrictions), then the publisher can still make decisions that are bad for both parties.
Applied economics is not as black and white as you think.