alt Hacker NewsI would argue that books are not a durable good as their value depends in part on the author's reputation. So lowering the cost of an e-book has some additional cost to the author or publisher beyond the production cost.
I would argue that books are not a durable good as their value depends in part on the author's reputation. So lowering the cost of an e-book has some additional cost to the author or publisher beyond the production cost.