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I wonder if the idea is that the average purchaser buys 12 books a year and doesn't care how much they pay because they only buy 12 books a year? Perhaps their belief is that this is the larger market and those who buy by price alone won't affect them much?
I wonder if publishers have considered that they HAD a market that formerly only purchased used books, but were happy to buy reasonably priced ebooks. Raising the prices will just send those folks back to the library or used book market thereby eliminating any profit to both publishers and authors. With an Indy market, you can abandon an author until you get a sale and get other authors on Amazon.
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