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Kindle and Nook readers bash high e-book pricing with angry one-star reviews

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Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#71
post #69
post #63

Earlier quoted context omitted.

Price fixing is when parties coordinate to set the prices of their items. It doesn't matter that you're able to sell your books at any price -- if two or more publishers got together and agreed not to cut prices below a certain point, then they were engaged in price fixing, by definition. I'm not really sure what your point was. Was it that a self published $2.99 Jabba the Hut fan fiction novelette proves that collus…

Why does all self-published work need to be of the quality of Jabba the Hut fan fiction? You see my point but have decided to caricature it. I look at this situation and see it as evidence that the days of large publishers acting as gatekeepers for authorship are limited. You seem to look at the same situation and see it as an injustice that merits some kind of intervention at publishers to change the price of publis…

You're putting words into my mouth -- I didn't say anything about what regulation I favor. First and foremost, I was just pointing out that whether there was price fixing is independent of how widespread the price fixing was, or whether there were alternatives, or to what extent it affected prices in the rest of the market.

But the now great great grandparent's point about collusion interfering with fair market value was valid and becomes more true the smaller the number of major players there are in a market. The collusion doesn't even have to be explicit. Cutting prices hurts everyone in the market if everyone does it. My reference to Jabba the Hut fiction was hyperbolic, but I do think the smaller players (and thus typically the ones with lower quality) tend to be the ones that don't join in on the collusion.

I certainly don't believe in the infallibility of markets. I don't spend too much thinking about economics, but one thought I've had is that we should tax collusion -- make companies pay a tax proportional to, say, the logarithm of their number of employees / worth, and otherwise keep things pretty laissez-faire (with regulation where needed).

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#72
post #21

Sadly, Apple is largely to blame for this mess. Well, if you ignore the publishers. Ebooks started as a wholesale pricing model. The publishers would sell them to the likes of Amazon at some fixed price. Amazon would then set their own price. This is very similar to the brick-and-mortar pricing model. In some cases Amazon would sell those books at a loss in an effort to grow the Kindle platform. Publishers didn't lik…

[deleted]

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#73
post #67

Earlier quoted context omitted.

First, the reviews inform people that the books are available cheaper in other formats, which they might not have known. Second, if the reviews do cause the publisher to lower the price, that will presumably result in more sales, and there will be more consumer surplus gained than producer surplus lost. Boom, market improvement.

When supplier are coerced into changing their prices by force, that isn't the market at work. You don't like the word "coercion" or "force" because you think stuffing review sites with non-good-faith-reviews it harmless, even though it contravenes the expectation that a reviewer represents a single entity who has actually attempted to consume the book. But the same logic was used during the Wikileaks Visa DDoS flood.…

stuffing review sites with non-good-faith-reviews it harmless, even though it contravenes the expectation that a reviewer represents a single entity who has actually attempted to consume the book

I don't agree the the reviews are not "in good faith". It is wrong to write a review of a $100 Monster cable pointing out that no matter how well it works, it's a ripoff when a $10 cable is functionally identical? This is the same idea: the reviewers are expressing their opinion about whether the product is worth the asking price. Their criteria for evaluation is different from yours; that doesn't make it vandalism or coercion or a DDOS.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#74
post #67

Earlier quoted context omitted.

When supplier are coerced into changing their prices by force, that isn't the market at work. You don't like the word "coercion" or "force" because you think stuffing review sites with non-good-faith-reviews it harmless, even though it contravenes the expectation that a reviewer represents a single entity who has actually attempted to consume the book. But the same logic was used during the Wikileaks Visa DDoS flood.…

stuffing review sites with non-good-faith-reviews it harmless, even though it contravenes the expectation that a reviewer represents a single entity who has actually attempted to consume the book I don't agree the the reviews are not "in good faith". It is wrong to write a review of a $100 Monster cable pointing out that no matter how well it works, it's a ripoff when a $10 cable is functionally identical? This is th…

Yes, I think it is: if you have not purchased the product, the proper venue to point out the TRUE FACT that the cable is a rip off is not in fact the product review site. Unless you buy the product and review it.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#75
post #32
post #14

Earlier quoted context omitted.

> I also find the opposite very annoying: when fans rate something as 5* before it's even released. I've received early copies of books with the hope that I would review it early. But I don't often look at Amazon reviews so I don't know if this would fully account for what you're talking about.

I was thinking of reviews along the lines of "I'm sure this will be great. 5*" I'm not sure if I've seen any like that on Amazon though, now that I think about it.

Tim Ferriss' new book had some 5* reviews go up with people saying they had only read the first 15 pages, etc etc

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#76
post #23
post #21

Sadly, Apple is largely to blame for this mess. Well, if you ignore the publishers. Ebooks started as a wholesale pricing model. The publishers would sell them to the likes of Amazon at some fixed price. Amazon would then set their own price. This is very similar to the brick-and-mortar pricing model. In some cases Amazon would sell those books at a loss in an effort to grow the Kindle platform. Publishers didn't lik…

This economic analysis is interesting (seriously!). But it is also facile. Yes, ebooks are worth "less" because they can't be resold. but they may be worth more, and maybe significantly more, because they are much more convenient. Durability, resellability, and convenience are benefits. If you need the first two, you can buy paper. You are not entitled to dictate that convenience can't cost 2x (durability + resellabi…

Review bombing is the market's way of informing the publisher that their prices are too high.

If you want to say that a price a product is sold at is dictated soley by what the market can bear, then I don't see why it isn't acceptable to say that vandalising review sites is (one of )the market's way of responding to the pricing.

Edit : (When I say "I don't see why...", I'm geniunely curious )

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#77
post #56
post #13

Earlier quoted context omitted.

I would gladly pay more for a thinner, more concise book.

I have come to use the term "frighteningly thing" to describe most of the math and comp sci textbooks I decided were worth keeping. They are tiny, polished, beautiful gems rather than a ton and a half of rock studded with some promising crystals.

Any especially good ones you care to mention?

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#78
post #77
post #56

Earlier quoted context omitted.

I have come to use the term "frighteningly thing" to describe most of the math and comp sci textbooks I decided were worth keeping. They are tiny, polished, beautiful gems rather than a ton and a half of rock studded with some promising crystals.

Any especially good ones you care to mention?

What I have in the room with me:

1. Modern Algebra by John R. Durbin

2. Introduction to the Theory of Computation by Michael Sipser

3. Machine Learning - An Algorithmic Perspective by Stephen Marsland (not quite on the same level as the above two, but still pretty solid)

I think Tanenbaum's Operating System and Appel's Compilers books both go in this category too, they're big but not compared to their subject matter. But, I've seen enough people disappointed in both to think this is more my personal opinion at play.

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