I cannot see any reason for the publisher to charge the hardcover price for an e-book. No warehouse, no truck, no printer, no shipping. The other costs of production do stand.
Certainly one should not blame the author, who has no choice in the pricing. I also question whether the publisher has upped the author's percentage in this transaction. I don't think they have done that.
And knowing the industry's conservatism, incredible as it seems, I would suspect their reason for maintaining the hardbound price at that stage is a simple one: they would have to alter their accounting software; and creating a whole new category within that system seems to be a major, major undertaking.
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