Recently, Smashwords, the largest distributor of independent eBooks, announced they had renegotiated their contracts with Kobo, Barnes & Noble, and Sony to follow the agency model instead of the wholesale model. When Amazon launched the Kindle a few years ago, they used the wholesale model which meant the publisher sold the book at a discount to Amazon, then Amazon would sell that book for whatever price they chose to consumers, usually at a loss. When Apple launched their iPad, they popularized ...