COLLEGE TEXT vs CORE CPI

1
COLLEGE TEXT vs CORE CPI

• COLLEGE TEXT PPI INCREASED 69.7 FROM 1993-2003
• CORE CONSUMER PPI ONLY ROSE 23.7 FROM 1993-2003
• 40 DIFFERENCE IN PPI FROM 1993-2003

2
COLLEGE TEXT ABUSE THE SYSTEM OF A THIRD PERSON
BUYER

• THIRD PERSON BUYER
• PROFESSORS ARE LIKE GODS
• COLLEGE TEXT INDUSTRY OFFER INCENTIVES
• PRICE IS NOT DISCLOSED

3
COLLEGE TEXT ARE SOLD IN BUNDLES

• CDS, WORKBOOKS, ONLINE ACCESS CAN AMOUNT TO 50
  OF THE PRICE OF COLLEGE TEXT
• 65 OF FACULTY RARELY USED BUNDLED MATERIALS
• NEW BOOKS ARE NOT SOLD A LA CART

4
NEW EDITIONS ARE UNJUSTIFIED

• USED BOOK NO PROFIT
• SOLUTION IS TO PRINT NEW EDITIONS TO MAKE USED
  ONES UNAVAILABLE
• 76 FACULTY NEW EDITIONS NEVER JUSTIFIED

5
WHAT TO DO

• TALK TO PROFESSOR
• LOOK ONLINE IN ADVANCE
• TRADE BOOKS

6
THANK YOU