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Originally Posted by stonetools
I agree that agency pricing does hurt sales . That misses the point. The publishers instituted agency pricing above all to prevent Amazon from maintaining their monopoly of the ebook retail market.
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Conspiring to raise prices to shut down the competition is not legal, any more than conspiring to lower prices to shut down the competition is. If publishers didn't want Amazon to have market dominance, all they had to do was
stop selling through Amazon.
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It did achieve that goal ( Amazon's share of the ebook market dropped from 90 to 60 per cent and other companies became ebook retailers).
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And can this be proved to be because of agency pricing rather than the release of several other wifi-enabled ereaders?