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DRM and value
When you buy a car (or anything physical, for that matter), part of the value you get is the residual value of the car when you are done with it - i.e. you can sell it to someone else who can use it.
How much would you pay Ford for a new car if they told you that you couldn't sell it to someone else when you were done with it? That only you could use the car - you couldn't give it to your teenager, or your brother - and when you were done with it, all you could do was take it to the scrap yard - where you couldn't even get the scrap metal price for your car.
You wouldn't pay much, would you? You'd pay what I call the "throw away" price for the car. The price that you feel OK throwing away if, after a few days (or years - depending on your research), you find that you no longer want the car.
So why do DRMed eBook companies think that people will pay almost paper prices for DRMed eBooks? (Come to think of it, why are many people foolish enough to pay money for an eBook that they probably won't be able to read next year?)
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