Quote:
Originally Posted by Hrafn
I'd "buy the idea" in a New York minute. Publishers have very little direct contact with end-buyers, so would have very little to go on in estimating price elasticities (the economic term for how price changes affect demand). Amazon on the other hand not only has large-scale direct contact, it is in a perfect position to run direct experiments to calculate these elasticities (changing their prices to book buyers and seeing how that changes demand). It almost certainly knows what its talking about (but will of course only reveal the parts of what it knows that helps its case).
|
I've seen articles saying that publishers complain bitterly about the fact that Amazon shares very little data with them. I have no doubt that Amazon knows more than the publishers do.
Quote:
Originally Posted by pwalker8
I'm where you are when it comes to ebooks verse paper. Right now, I'm in the process of replacing my library with ebooks. I haven't bought a paper book in several years now. However, I am quite happy to pay $15 for one of my favorite author's latest books when it first comes out, rather than wait a year and pay $8 when the price drops. Heck, I'm even willing to pay the ARC premium from Baen books to get a book two months before it's officially published. To each his own.
|
Not only will I not pay the $15, but an author runs the great risk of his book being entirely forgotten by the time the price drops.