The micro-transaction proposals everyone cried about in the early 2000's would have been so much better than this.
The odds of me paying for a subscription for some tiny local newspaper on the other side of the country are literally nil, but I'd be far more willing toss you a penny or two to read the content of a single article.
yet empirically, most people wont. And a business model require it work for most people, not just a standout few like yourself.
This is even accounting for a proper transaction cost reduction in microtransactions!
The reason i say this is because microtransactions _do_ work in other areas - such as gacha games, in-app purchases etc (where the transaction costs have somewhat been minimized but not completely demolished).
Empirically how? To my knowledge, there's never been a widespread micropayments system that targeted this use case. So how do we know? All we know is that publishers think micropayments would eat into their subscription revenue, and that they want readers to give them personal information so they can spam and track them (something that may not be possible with micropayments).
So how do we know this, empirically? I don't think we do.
as in, because the microtransactions mechanisms already exist, and has been successfully monetized in other areas. The fact that news publishers don't use it (and opt for subscribers instead) is an indication that it doesnt work.