A Model of the Danish Book Market

Traditionally, books have been a major factor in the cultural life of a nation, although little attention has been paid to the book market. In an attempt to redress this situation, a simple macro model of the (Danish) book market is presented where demand, conventions in the publishing industry, and...

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Bibliographic Details
Published in:Journal of cultural economics 2000-02, Vol.24 (1), p.27-43
Main Author: HJORTH-ANDERSEN, CHR
Format: Article
Language:English
Subjects:
Bestselling books
Book publishing
Consumer prices
Costs
Demand
Economic models
Economic theory
Economics
Elasticity of demand
Fixed costs
Literature
Market prices
Marketable titles
Novels
Publishing industry
Statistical analysis
Studies
Textbooks
Theater
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Summary:Traditionally, books have been a major factor in the cultural life of a nation, although little attention has been paid to the book market. In an attempt to redress this situation, a simple macro model of the (Danish) book market is presented where demand, conventions in the publishing industry, and technology interact. The results are dramatic as the book market has changed decisively in the past two decades, in effect forcing us to reconsider what it means to publish and to be an author.
ISSN:0885-2545
1573-6997
DOI:10.1023/A:1007514320221