I don't know if anyone else has read Philip Pullman's article in today's Guardian, but I thought it might be of interest to many writers here.
There's some talk of doing away with the RRP (Reccommended Retail Price) on books and instead allowing individual retailers to set the price themselves. The problem with this, as Pullamn points out, is that with all the discounting that goes on at the moment, you would lose your point of reference as to what's the best deal; both for the author and the consumer.
As an author's royalties are based on a percentage of the RRP a new system of payment would have to be arranged; one that would probably leave the author worse off financially.
Pullman explains it much better than me, (with an interesting egg analogy), so if anyone's interested take a look at the article. It's in today's picks on the top left of the homepage at
http://www.guardian.co.uk
Katie