Table of Contents
Why are some old books so expensive?
Textbooks are very expensive because their demand is extremely inelastic (for instance, if Professors choose it for their students) and often have poor substitutes (because recovering the sunk cost of writing a book is too high so whenever a good book is in place, there will be not much competition).
Why are some academic books so expensive?
The long answer: your scholarly book might cost more than commercially published nonacademic books because academic presses are spreading the cost of producing a title across a smaller number of print units. Each unit therefore has to be priced higher to enable the press to recoup the cost of production.
How much is a monograph?
A recent study conducted by Indiana University and University of Michigan identified the average cost of publishing a monograph at their two presses as being around $27,000. Others have suggested that full publishing costs for an academic monograph could be as high as $50,000 if all overheads are considered.
Do academics make money from books?
They found that average royalties for print books ranged from 9–14\%, and the highest royalty reported was 30\%. I can also tell you that, in the UK, academic writers earn the lowest annual averages from their books of any type of writer.
Why are university textbooks so expensive?
Regular Release of New Editions. Textbooks are expensive because publishers release pricey new editions every year.
Why do books cost so much?
Sheer number: Compared to high school,a semester of college uses a lot more books.
What is the most rare book in the world?
There are countless rare books in the world, but by most experts’ standards the rarest of them all is the Gutenberg Bible. It was the first book ever printed back in 1456, and although several hundred copies were originally printed finding a complete first edition would net you $25-$35 million.
Why are iBooks so expensive?
iBooks are expensive because Apple has an agency deal with them. The publishers set the price.