3 ms·
> There's just nothing to buy better. So despite rational acting buyers, if the supply-side conspires (or monopolizes) to reduce options, buyers will continue
by r00fus 7y ago
> There's just nothing to buy better.
So despite rational acting buyers, if the supply-side conspires (or monopolizes) to reduce options, buyers will continue to buy the overpriced item (and possibly increase prices due to the demand/price curve sweet spot).
Perhaps instead of mocking rational-actor theory we should also model conspiring-actor model where possible.