The Business of Drivel: Nash Equilibrium in Publishing
People just aren’t reading anymore, or so publishers tell us. Sales are dwindling; bookstores and publishers alike are closing their doors. On the surface it seems fair to assert that there might not be much of a market for books right now. Publishers insist on this as the explanation for the dire state of their industry. Under scrutiny, however, these statements start to sound absurd. Literacy rates have climbed prodigiously over the last few decades, with world population g
