Used and New Markets

In this article, The New York Times mines two studies that conclude the used book market strengthens new book sales:

When used books are substituted for new ones, the seller faces competition from the secondhand market, reducing the price it can set for new books. But there’s another effect: the presence of a market for used books makes consumers more willing to buy new books, because they can easily dispose of them later.

(via The Millions)

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