I keep hearing people like yourself claiming that e-books don't have cost savings versus paper. That is just baloney. It's not even close, and it is really easy to go on Amazon and prove that to yourself. For those of you too lazy to do that, I offer some real numbers.
I have purchased literally hundreds of e-books going back to 1998, mostly fiction and science fiction. Over the last three years since the release of the Kindle I've purchased around three hundred (about twice as many as in all previous years, owing primarily to dramatically enhanced e-book availability). So let me talk about real-world e-book prices.
Back prior to the Kindle, if you could get an e-book at all, it tended to be back-catalog stuff from minor authors and small publishing houses ... and about $4-5. In cases involving major publishers they tended to demand full retail price for their books - $8 for paperback equivalents, and a whopping $20-24 for new releases (even though the new releases in paper were available for $18 at local retailers, and $14 from Amazon). Anyway, compare those to paperback prices of the era of $7-8 and you see that I was saving 40-50% over paper. I bought hardcovers for almost all new releases because it was much less expensive.
Amazon changed everything overnight. New releases were $10, and that's the price everyone thinks Amazon sold all their books for -- but they didn't. That was *only* new releases, and that $10 compared to $16 or more for paper from the cheapest sources. Back catalog stuff *never* sold for $10, it was $4-6, compared to paperback prices that were rarely less than $8. Typically you could expect to save $2-3 for an e-book version of a paperback; not big money, but as a percentage quite significant.
As catalogs expanded prices for paperback releases, particularly from the large publishers, went up a bit to $6-7, but new paperbacks were rarely less than $8 -- so you were still saving a couple of bucks per book. I read a mix of new and old stuff and in 2007 and 2008 my average e-book cost was just over $6 (there were a lot of $1-4 steals in there, even by major authors), whereas my average paper price from Amazon in the same period was $12. (That excludes shipping.) From local booksellers, $14. I saved, quite literally, more than 50% by buying e-books. Even considering the $400 cost of the Kindle I saved almost $300 on books by the end of 2008.
When Apple got into this a year ago the market changed again, and Amazon lost the ability to sell new releases for $10 from most of the major publishers. Costs went up -- to about $12. I think I spent $14 on one new release last year, the most I'd spent on a e-book in I think eight years; I haven't bought a new release in paper format for less than $18 in quite some time, and many are $20 now. Paperback books from most publishers are around $5-8 in e-book format now, with major publishers in the $8-10 range. Paper books, of course, got more expensive too -- most of them are $10 or more now from major publishers, and there have been cases where the e-book was within $1 of the cost of the paper book (but that's very unusual). I save less than I did a year ago, but I'm still saving money -- a lot of money.
Because I kept hearing all these claims that the books were now at least as expensive as paper, even though I hadn't thought that was the case, I had noticed the creep up in prices and a few weeks ago I went back and did a sanity check. I looked at my 2010 Kindle purchases. My average e-book cost (on 87 books) has gone up quite a bit since 2007. It's now just under $8, about a 30% increase. I took the opportunity to price all of those books versus Amazon's paper prices too, to see how they compare. Average price would have been just a bit over $12. This represents a 30% savings, a bit more than $4 per book. Times 87 books, that is a savings of around $350 for the year. A new 3G Kindle is $190, so even factoring in the cost of a new device (I didn't buy one in 2010) it would have been a healthy savings.
So: When someone tells you e-books are "just as expensive, if not more so" than paper, they are lying. They aren't. In fact, they're cheaper than just compensation for paper and ink would justify (that being around 15% of the cost of a paper book). The publishers might or might not be making more money from e-books than they would have from paper -- without actually seeing their accounting books, and they're not talking, you can't tell how much warehousing and returns costs them. 30%, though, doesn't seem out of line for the savings they get. For sure they are neither losing their shirt nor making a killing on e-books today. Over time the dramatically reduced risk of publishing e-books should reduce their costs pretty substantially in high-risk segments (don't print paper at all unless the book turns out to be popular), and I expect them to take that entirely as profit.
Anyway:
You don't steal books because the publishers aren't charging less, you steal them because you don't want to pay anything for them. You do save money with e-books versus new paper books -- quite a lot of money. The prices seem pretty fair to me, knowing a little about the economics of book publishing without actually having publisher books to run hard numbers.
That does not mean that I think e-books are a great deal in all cases; in fact, they're really only a good deal if you are buying new, and if you read enough to offset the cost of the device (or read on a device you had anyway, like a cellphone). They aren't much of a deal if you tend to recoup some of your cost by reselling, although in my experience that works out to pretty much a wash: I rarely net more than a few dollars on resale after all the costs are totalled up ... little enough that I do it more out of a desire to free up space in my house (and give someone else a deal) than to make money. YMMV, but to me the real value in reselling versus e-books is not economic but goodwill, allowing secondary market purchasers to save a little money.
If you are one of those people who buy almost all of their books at used book shops then sure, e-books are a raw deal. You will usually be able to beat an e-book's price, and sometimes quite significantly. On the other hand, that's waaaay less convenient. Personally I have frequented used book stores less to save money than to find books you cannot find on the shelves of first-sale retailers, and I really welcome the expansion of back-catalog e-books as a way to eliminate "out of print" availability problems. Moreover, if you happen to like the classics then e-books are the best thing to hit book buying since Gutenberg -- tens of thousands of books that are simply free for the taking, books that publishers like Penguin used to charge full paperback prices for.
On the whole, I'll take the e-books thanks. They save me money, they're vastly more convenient, the catalog on Amazon nowadays is larger than you'll find at any physical bookstore (to say nothing of the likes of the bookstore in the Salt Lake City airport, which blows), and I am not accumulating books in my house at anything like the rate I was three years ago. (I have thousands of them, although much fewer than before I lost around five cubic yards of them in a flood last spring.)
Mind you, I understand that a lot of the value of paper books is not economic. It's much nicer to curl up with your favorite book in paper, and it's nice to have someone be able to learn something about your tastes just by looking at your shelves. Now, though, I only buy and keep paper books if I know I like them ... and I look forward to the day, probably not long hence, where print-on-demand (made possible on large scale by e-books) allows me to buy quarter-bound copies of books that were never offered in that format, even when new.