Fixed Book Price Agreement Definition

Historically, most countries with a large book industry have had an FBPA since the 19th century. The evolution of competition policy in the 1970s led to a wave of repeals of these agreements (Australia in 1972, Sweden in 1974, UK, 1995) at a time when every form of resale price fixing was observed with great suspicion. In contrast, other countries (Spain in 1975, Greece in 1997, Italy in 2005) have passed laws mandating the BPF. In practice, FBP systems are different from country to country. In some countries, the PBP is a law; in others, it is a trade agreement. Other variables are duration, discount rate and format. How long after publication applies. B the fixed price? What, if so, is the maximum discount allowed? Are e-books included? The central idea of a BPF is to encourage price competition among booksellers to encourage the sale of little-known, difficult or culturally interesting books, rather than just hosting blockbuster readers. In this regard, an FBP is deemed to ensure that booksellers who provide the corresponding pre-sale services are able to recover their higher costs with a guaranteed margin for blockbusters. The law should have a positive structural effect on the book market, especially through: what the BPF-Yeasayer seem to have in common is the obligation of books as a cultural good. They give up the short-term convenience of buying cheap books in the hope of promoting the long-term health of books, publishers and reading.

In 1991, the large chain of Dillons bookstores, followed by Waterstones, began offering a few books with a discount. [4] Moreover, this worldview does not apply exclusively to France. Other BPF countries maintain similar ideals for books and reading. Germany – the proud birthplace of the printing press and many intellectual movements, as the president of the German Association of Publishers and Booksellers pointed out, considers books to be a first cultural, commercial second. Books don`t have to be bestsellers to get merit, and people seem to know that the price system imposed for the book is, in the best interest of such less best-selling but also valuable literature. According to (Canoy, van Ours – van der Ploeg 2006), the main idea of FBP (maintaining high bestseller prices to subsidize the sale of less popular books) is not convincing for several reasons: a FBP system is an agreement between publishers and retailers that sets a fixed price (more or less) for each book sold in this market. As retailers cannot compete at low prices, big boxing stores and online retailers have fewer advantages in the market, and independent bookstores have more opportunities to thrive. This diversity in the distribution network, in turn, is intended to promote bibliodiversity. A FBP system assumes that diversity – in bookstores and in books – is necessary to promote a healthy reading culture.

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