7 replies (most recent on top)
@@12mXSUI9-2pmr i think the point was a defense of the one made earlier " Publishers are the authors of their own misfortune . " May want short some shares of the older players in the this dead industry .
2tfo: so what’s your point?
@12mXSUI9-2tqm. Wide Brush Painter
After one finishes the three chapters in the intro biz book discussed earlier , perhaps next a primer on stats textbook or early lessons on hyperbole where one learns outside of mathematics that one is rarely "entirely wrong '' and it less likely the "only "reason a college store exits is for the stated purpose posited .
Many college stores are owned by student co-ops, others are structured as not for profit , and thousands of lease stores operate under agreements with their respective institutions whereby profit margins on required course materials are confined by contract . Many, if not most , stores have published financial goals and missions which specifically speak to an ongoing reduction in required course material costs. These structures , behaviors and their economic results are typically not part of the interests or aspirations of genuine monopolies .
Perhaps an investigation into the economic implications of oligopolies and the tests of what qualifies as a monopoly is in order.
The high majority of titles carried by in any college store are simultaneously available directly from publisher sites - if one can afford to wait 2 weeks or more . More efficiently and frequently within 24 hours most titles can be delivered by thousands of used and new online retailers from around the world including one or two our readers may have heard of like MBS/ B&N or - Amazon .
By most classical definitions and tests college stores are hardly a monopoly . - no monopolistic benefits , no exclusivity , and no pricing power whatsoever .
My understanding of higher-ed publishing is that a handful , perhaps 5 or 6 , account for the very large majority of titles currently on course in North America where their distribution of primary sources and margins on manufacturing and other economic interests are further protected by contorting global trade and copyright laws and evolving proprietary platforms.
Publishers seem to fit a definition and meet many tests of oligopolies more easily than college stores earn the title of monopolists.
For those who argue that retail distribution is a primary causal factor in the disruption of the higher- ed publishing industry , or most manufacturing industries for that matter , perhaps a trip to the library may be in order. Ironically it is a place where one will find many of the same books college stores attempt to distribute on behalf of publishers are available at no cost to the consumer . There I can -Highly recommend :The Laws of Disruption, Larry Downes.
You’ve obviously never run a business; you sound like an incompetent but overpaid bookstore clerk.
: @12mXSUI9-1qbr No you’re entirely wrong. The only reason campus bookstores still exist is due to the privilege they’ve been granted by school administrators to manage financial aid disbursements for course materials. Without this monopoly they’d be run off campuses decades ago. They’re inefficient and gouge students.
fbf . Publishers are the authors of their own misfortunes . The end of the distribution chain didn't get the industry to where it finds itself . Read all about it in the one or two perhaps three useful chapters of the basic intro commerce texts that the pubs cant seem to sell for $200 dollars a copy or the used book wholesaler for the slightly less outrageous sum of $150 . The booksellers didn't erode the trust with the academy with decades of market concentration abuse ; aligned and designed to extract the last penny from stretched student budgets. The subscription models, proprietary platforms and recurring revenues yielded by a coveted industry wide Lock- in approach seem unlikely to succeed at this point . The college stores may prove to be the last bastion of consumer advocacy left on campus and pubs reps best chance of remaining relevant .
Who cares what the bookstores want & like? The faster they are gone, the faster the industry stabilizes a bit...
They have NOTHING to offer in the realm of publishing. They hold students hostage simply because they control Financial Aid. Without that—they are GONE.