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From publishers to self-publishing: The disruptive effects of digitalisation on the book industry

Hviid, Morten, Izquierdo Sanchez, Sofia and Jacques, Sabine (2017) From publishers to self-publishing: The disruptive effects of digitalisation on the book industry. Working Paper. CREATe.

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Abstract

This paper explores the structure of the book publishing industry postdigitalisation.
We argue that the introduction of successful e-book readers has belatedly given digitalisation the characteristics of a disruptive technology by
making self-publishing a serious option for authors. This has been supported by the entry of new types of intermediaries and the strengthening of others.
These changes have reduced the overall complexities for an author to get a book self-published. As a result, a larger share of the surplus from the book industry is likely going to authors, explaining the significant increase in the supply of books. The potential over-supply of books has created a new problem by making consumer search more difficult. We argue that digitalisation has shifted the potential market failure from inadequate supply of books to asymmetric information about quality. It remains to be seen whether the market will provide appropriate intermediaries to solve the associated asymmetric information problem and, if not, what appropriate interventions should be contemplated.

Item Type: Monograph (Working Paper)
Additional Information: CREATe Working Paper Series 2017/06
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
K Law > K Law (General)
Schools: Huddersfield Business School
Huddersfield Business School > Quantitative Analysis Research Group
Related URLs:
Depositing User: Sofia Izquierdo-Sanchez
Date Deposited: 15 Mar 2017 13:01
Last Modified: 17 Sep 2017 12:19
URI: http://eprints.hud.ac.uk/id/eprint/31502

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