[igorsk]

http://www.dquinn.net/baen-books2/

Unlike its major competitors, the house pays its authors a handsome 20% in royalties for its eARCS (electronic Advance Reader Copies) and individual e-book sales.

http://baens-universe.com/articles/ed2

...where a Baen title, typically, will pay electronic royalties that are somewhere in the range of five percent or more, measured against paper royalties.