Reselling E-Books and the One-Penny Problem – NYTimes.com

Turns out material degradation isn’t just a fond side effect of book resales. It’s essential. It’s what ensures that the resale price matches the diminishing value of the product. If every copy is perfect, the whole thing breaks down. With unlimited e-book sales, every book’s price would eventually drop to a penny.

via Reselling E-Books and the One-Penny Problem – NYTimes.com.

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