Quote:
Originally Posted by Seli
ETA: I think you're also assuming a completely rational consumer, which would not fit at all for books.
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Ebooks make decision-making by a consumer potentially much closer to "complete rationality" (I put in quotation marks as I, like you, don't endorse the existence of such) than Pbooks. More concretely, Ebooks are much more homogenous than Pbooks as they're all nothing but files to download (the file size issue is non-existent today), and allow a buyer a much wider array of choices, i.e. something closer to "perfect information". In the time we take two p's in our hands and read the back covers, we can see 2 or 3 webpages with 50 titles each.