When Old Meets New: Wholesale and Agency Models in the Market for Printed and Electronic Books

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dc.contributor.authorKim, Antino
dc.date.accessioned2017-12-28T02:13:37Z
dc.date.available2017-12-28T02:13:37Z
dc.date.issued2018-01-03
dc.description.abstractIn this work, I seek explanations to some of the curious phenomena reported in the book market by focusing on its two important characteristics: (i) the substitutability between the printed- and the e-book versions, and (ii) the mixture of the "old" wholesaling arrangement for printed-book versions and the "new" agency model for e-book versions. In this exploration, using a game theoretic model, I find that an increase in the agency fee that the retailer collects in the e-book market can depress the vitality of the market, which not only ends up hurting the publisher, but also the retailer. This raises a caution that retailers should be moderate in their efforts to get a bigger cut in the agency arrangement. I also find that some of the perplexing phenomena observed in the real world may be due to an excessively large agency fee in the e-book market, and that reducing this fee can lead to a win-win outcome for both the publisher and the retailer.
dc.format.extent11 pages
dc.identifier.doi10.24251/HICSS.2018.646
dc.identifier.isbn978-0-9981331-1-9
dc.identifier.urihttp://hdl.handle.net/10125/50535
dc.language.isoeng
dc.relation.ispartofProceedings of the 51st Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectStrategy, Information, Technology, Economics, and Society (SITES)
dc.subjectagency, game theory, retailing, revenue-sharing, wholesale
dc.titleWhen Old Meets New: Wholesale and Agency Models in the Market for Printed and Electronic Books
dc.typeConference Paper
dc.type.dcmiText

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