Thread: Publishers still missing the point on e-book prices
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Old 12-18-2011, 07:18 PM   #77
Greg Anos
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Quote:
Originally Posted by stonetools View Post
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".
He was describing a system of open competition, not a system of multiple parallel monpolies. That's a slight difference...
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