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Legal Commentary
: PrawfsCasebooks and Collective Action
By Dan Markel, Ethan Leib, Rick Garnett, Matt Bodie, Paul Horwitz , Steve Vladeck, and Orly Lobel
The good Professor Bainbridge is bemoaning his lack of market power as a casebook author:
Change is coming. The major law school casebook publishers are working on game changers like eBooks and textbook rentals, while trying to do so unilaterally within the confines of standard form contracts designed for the 19th Century.
Textbook pricing is out of whack. Our students are paying outrageous prices. I am willing to consider how we can fairly take steps to reduce that financial impact, but not at the expense of gutting my royalty income. . . .
Unfortunately, we have a collective action problem. Individual authors have little bargaining power. Collectively, we would wield considerable bargaining power, but there are huge obstacles to collective action on our part. As a result, we are all subject to huge pressure to accept unilateral changes imposed by the publisher even if the outdated form contract we signed 20 years ago doesn't remotely cover the situation.
As Brian Leiter noted, "I am glad to see that Professor Bainbridge is developing some class consciousness!"
Full post as published by Prawfs on May 11, 2010 (boomark / email).
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