Michael E. Etchison wrote: > >an industry (academic journals) where . . . entry is cheap > >As a non-academic, I have to wonder -- if getting in is so cheap, why is >getting a copy so expensive?
Standard armchair econ question, really. If prices are going up, and quantity is going up, we'd suspect demand is up. If quantity is going down, we'd suspect costs are going up. Or maybe price discrimination is getting easier, and you're just looking at the prices the high value customers pay. Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Asst. Prof. Economics, George Mason University MSN 1D3, Carow Hall, Fairfax VA 22030-4444 703-993-2326 FAX: 703-993-2323
