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The predicted effects of the collapse of the Net Book Agreement are compared with what has actually happened in the book trade, including: numbers of booksellers; stockholding in bookshops; discounting; book output. The situation in America is addressed. Changes in the trade as a whole are discussed. Changes in library supply in higher education are examined, particularly the price war between suppliers, and the continuing provision of services together with larger discounts. The move to consortium buying is considered. The development of electronic delivery of materials is discussed.

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