3 ms·
I think that's called rent-seeking.
by sb057 7y ago
I think that's called rent-seeking.
- lonelappde 7y agoIt's nigh impossible for a video game to be rent-seeking, since games are completely optional and often worse to play than not play. Only the few games that infect a whole culture can be thought of as needs subject to rent-seeking due to social pressures.
- ghkbrew 7y agoIt's call market segmentation. A seller want to sell their good to every buyer at exactly the highest price that buyer is willing to pay. The seller can't do that if they give everyone the same price so they look for ways to segment the buyers into groups which have similar valuations and charge each group a different price. If you pay attention, most pricing schemes are about market segmentation. Region locked items is obviously one. Most digital goods are sold at prices that decrease over time: it's basically segmenting the market by time. Buyers with high valuations buy first, those with lower valuations buy later, etc.