Abstract
Between 1984 and 1994, the U.S. consumer marketplace was transformed with the introduction or wide acceptance of personal computers, CD-ROMs, VCRs, video-cassettes, the Internet, E-mail, cable television, etc. U.S. Department of Commerce data indicated conclusively that these products and services competed directly for media usage and media expenditures with all other media formats, including consumer books. Many media economics scholars who investigated media usage and expenditures came to believe that consumer allocations for various media products and services remained at a “constant” percent of Domestic Consumer Expenditures (DCE), which they termed the “Principle of Relative Constancy.”
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Greco, A.N. Domestic consumer expenditures for consumer books: 1984–1994. Pub Res Q 14, 12–28 (1998). https://doi.org/10.1007/s12109-998-0030-7
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DOI: https://doi.org/10.1007/s12109-998-0030-7