Quote:
Originally Posted by Rob Lister
Jonathan, can you show me where, in the letter being discussed, that the claim of books being fungible is made? Your link claims that Lipskar makes that argument, but reading Lipskar's argument, I can't find it.
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Sure, it's near the bottom, in Section G:
Quote:
Even if an individual consumer was unhappy with the agency pricing of bestsellers, the existence of other options, including new competitive ones that have thrived since agency, means that harm cannot be ascribed to the decision to buy a $12.99 ebook. Were there no other options beside agency model ebooks priced above previous bestselling ebook prices, there might be a case for consumer harm, but the market dynamics have instead delivered clear price benefits to consumers.
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i.e. "it doesn't matter that we raised the price of the bestsellers, because we cut the price of some back list books, and lots of indie publishers started selling for 2.99, and you had the option to buy those instead".