Making the first summary, let us stress that as far as this model creates a highly competitive situation, publishers have to fight to develop brand names. A publisher may achieve this by: a) trying to always be the first, b) trying to offer the best in terms of quality-for-price to the public, c) trying to sponsor authors, instead of making appearance as a lover of free rides. This should bring another layer of incentives to authors.
It is noteworthy that as far as all works are accessible for all publishers, success of an author depends on his talent. On the other hand, if an author lacks talent, it is not for us to worry about his failures.
Actually, I used to think that the Anarchy model was much worse than it appears now. It looks like it could bring up pretty much self-tuned market, very challenging for all parties though. It is unlikely that any work of art may disappear unnoticed in this environment. The spectrum of quality and prices must overwhelm the book/art market.
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