Quote:
Originally Posted by Fbone
But their wholesale prices decreased 30% with Agency model.
($13-15 down to $9-10)
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I know that.
The point is that raising prices (thereby reducing total unit sales and reducing their authors' income) to protect their market power in the short term is going to have negative long-term consequences. And among those is the fact that they have effectively legitimized self-publishing among *authors*.
They conspired, sacrificed the author's income, and now face a legal mess.
All for a small short term gain during boom times.
What are they going to do when the boom times end and the market growth levels off? Improvise another magic bullet?
