The Benefits Of Online Books - 828 Words

In today’s time, modern campuses are trying to build better economic models to reduce cost and make campus life more efficient, and like many campuses, Clark too, is going through that transition phase. It recently closed its Book Store and opened an online service to make it available to more students and to encourage sales. However, the crippling costs of textbooks due to monopoly set by copyright laws have caused major problems for students (Soos). In addition to that, the resale value of the same book to students is relatively low. The monopolized price of text books and their little resale value with in store books has led to an online informal market where students act like buyer and suppliers. The problem branches out to several†¦show more content†¦Due to monopolized prices, students have designed their own unofficial online market on platforms like Facebook. Students interact on groups made on Facebook and resell their books at a higher price than they would get at the bookstore. Students who buy them find cheaper versions of the books compared to the market and most prefer to interact in the group. Clark has a Facebook group called â€Å"Clark Book Exchange† where major part of the Clark population exchange books and sell it at a price most people are willing to pay. Ironically, â€Å"Clark Book Exchange† provides a more competitive market environment than the entire textbook industry. Government or universities can solve this problem, in this case Clark, by funding the production of textbooks directly, and placing the content in public domain. This way, textbooks which are partially public goods because of their intended use, are in their right place. While, economically this solution solves the market problem, it is not pragmatic. Implementing such a solution will require a lot of resources, planning and organization at a large scale. While some universities, like Brock University, do publish their own books, it will take Clark University some time to get that system to work. The market failure can further be aided by subsidizing the books for students. This can be achieved by either subsidizing through monetary means or reducing the price by signing a contract with publishers. Providing and adapting alternativeShow MoreRelatedThe Benefits Of Online Books On The Internet1949 Words   |  8 Pagesstart an online business, but that is not the only way to profit on the Internet. For writers, it is now possible to self-publish a book on the Internet. Kindle Direct Publishing, NOOK Press, and iTunes Connect are just a few of the services that can be used to publish a book. This is a sufficient option for authors who are struggling to get published using traditional means. Moreover, with a self-published book, the author has total control over the book. They decide what goes into the book, what theRead MoreThe Benefits of Creating an Online Flip Book Essay549 Words   |  3 Pages The ability to create a flip book online offers many benefits. One of the best options that is available to make your own flip book is to use a PDF conversion process. There are many places online which may offer this process for users. The best solution that I have found for this process is Yumpu.com. Most of the options that I have tried for creating a flip book have not produced the best result. A user will see a variety of benefits when using this service to meet their needs. Flash is theRead MoreBenefical Role Of Technology In Education1413 Words   |  6 Pagesthe population think that technology has a bad influence on our education it still has a lot of benefits like access to any information anytime, provides us alternative books and it makes distance learning more accessible than ever. I. 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