After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and … depresses book sales. However, more titles will be published, particularly of books with low price elasticity and that take a …

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and … depresses book sales. However, more titles will be published, particularly of books with low price elasticity and that take a …

is not a good idea to harmonise European book policies. Our analysis suggests that the book market seems quite able to …This chapter analyses the tensions between books and book markets as expressions of culture and books as products in … profit-making businesses and includes insights from the theory of industrial organisation. Governments intervene in the …

are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for … good idea to harmonise European book policies. Our analysis suggests that the book market seems quite able to invent …The tensions between books and book markets as expressions of culture and books as products in profit-making businesses …

are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for … good idea to harmonise European book policies. Our analysis suggests that the book market seems quite able to invent …The tensions between books and book markets as expressions of culture and books as products in profit-making businesses …

are analysed and insights from the theory of industrial organisation are given.Governments intervene in the market for … good idea to harmonise European book policies.Our analysis suggests that the book market seems quite able to invent …The tensions between books and book markets as expressions of culture and books as products in profit-making businesses …

health insurance. Intuitively, it seems that imperfect competition in the health care market may constrain this moral hazard … insurance market will always produce a contract that leaves consumers at least as well off under lower prices as under higher …