Quote:
Originally Posted by stonetools
You might want to consult
THIS ECONOMIST>
After 235 years, his master work holds up surprising well. You might want to review his discussion of "market price."
OK, let me simplify it for you. If a product is overpriced, demand for the product will decline and sales of the product will go down. Precisely the opposite has happened with ebooks.
The burden of proof is therefore on those who thinks the publishers have "got it wrong". |
Wouldn't that assume a stable and established market? ebooks are still a relatively new market and one that is still growing. Rather than a drop in sales, agency pricing is more likely to cause a reduction in rate of growth, perhaps stabalising in years to come with a smaller market than it might otherwise attain (assuming pricing policies remain the same)