That means that, when you find lots of rare books, your incentive is to throw out some crazy-high price for each, because some % of them will, in fact, get paid, making the whole enterprise worthwhile.
For the rare books, I expect the price would be limited both by value and by how much time it would take to find another copy somewhere (say, a university library two towns away) and how much the buyer's time is worth.
Domain squatting I thought tends to be more about trademarks and trying to confuse people.
Comments
Oh, so it's just like domain squatting. Got it.
What is the correct value to sell a book for, when you know it's rare, and know nothing else about it?
How so?
For the rare books, I expect the price would be limited both by value and by how much time it would take to find another copy somewhere (say, a university library two towns away) and how much the buyer's time is worth.
Domain squatting I thought tends to be more about trademarks and trying to confuse people.
That seems like an excessively negative analogy, and not especially apt given that these are books that were presumably published in some quantity.