Stephen says, “My argument is that if you require a letter of suipport from publishers, then publishers will immediately turn this into a cartel, which would mean that prices would not drop at all. You do not address this line of reasoning at all.”
I’ll happily address it here, but Stephen’s comment also ignores my main point.
First, let me deal with the suggestion that price will not drop at all. A content-complete openly licensed version of the book online is all the price control that is needed. The existence of this version controls price by providing an alternate mechanism for accessing the content. If you really want a printed version, and you can purchase one for $25, you’ll purchase one. If you really want a printed version, but you can only buy one for $75, you’ll just print out all the pages at Kinko’s and put them in a three-ring binder. More than one person will create and distribute (legally) a PDF that makes printing for your three ring binder really easy, and no one will purchase the $75 version from the publisher. The same is true for an audio version, etc. So the existence of the free version provides price control all by itself. If the publisher wants to sell books, those books have to satisfy Wiley’s magic formula of open book sales:
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