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I'm not sure. With rare things, you only need a few people willing to pay ridiculous prices for the behavior to continue. And the more rare it becomes, the more
by everdev 9y ago
I'm not sure. With rare things, you only need a few people willing to pay ridiculous prices for the behavior to continue. And the more rare it becomes, the more coveted as well by people who can look beyond the moral implications of killing elephants.
But, if kids in China start wearing fake ivory necklaces to school and can buy them for a few bucks, why would you pay thousands more for something that is virtually indistinguishable? The trick is to make it so close to actually ivory (or genetically grown to be identical). If it looks like a bad knock off it won't work.
- adamnemecek 9y agoIt's not as clear cut. Luxury items have strange economic behavior but let's say that the a govt banned sales of Ferraris overnight. Would rich people go to great lengths to buy Ferraris or would they buy Lamborghinis?
- DrScump 9y agoImitation diamonds get better and better... but has that really harmed worldwide demand for the real thing?