With a public library I have to wait for a book to be in stock. The Edinburgh library system now does ebooks and they deliberately limit the number of each book that can be loaned out at any point.
This is very different from "I want to read X right now" and having access to it immediately.
I imagine it is imposed on them. With physical books, there is a monetary outlay that places a limit on how many copies they can issue. This would have to be artificially imposed for e-books and the reason someone (the PLR?) would want to impose this is to protect income for authors.
Yes... it is a licencing issue. We have similar things with some bits of software -- the licence allows only (say) 25 simultaneous copies running on the central system. If you pay more you can have more simultaneous copies.
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This is very different from "I want to read X right now" and having access to it immediately.
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