Monday, August 21, 2006
Worth reminding people: The value of a textbook will depend in part on what you can resell it for later. When I buy a used car, one of the things I look at is the price of that same model three years older in the current Blue Book -- that tells me how the car holds value. If this story about locking in textbooks for three years should increase the reselling price of books from students to bookstore, that would be fine. But the bookstore may be a monopsonist.