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If it were possible to sell supplies like this at inflated prices during times of need there would be more incentive for parties to maintain stocks during low d
by nullc 7y ago
If it were possible to sell supplies like this at inflated prices during times of need there would be more incentive for parties to maintain stocks during low demand times.
- bostik 7y agoThere would also be an incentive to manufacture more times of need.
- bryanrasmussen 7y agoright, the odds are that mask makers would invest in the bio-engineering facilities to manufacture a new pandemic to make a killing in new sales.
- nullc 7y agohah. Be charitable, you could just as equally say that there would be an incentive to over-hype risk. This is a potential conflict of interest people could suffer from without even realizing what they were doing.
- bryanrasmussen 7y agosure there could be an incentive to overhype risk, however when was the last time you listened to a mask maker's analysis of risk? People barely listen to WHO, the CDC, and their local physician, it's really quite a bit much to suppose that they would listen to the mask maker.
- sokoloff 7y agoWhich is why you don't do it as the mask maker. http://www.paulgraham.com/submarine.html http://www.paulgraham.com/submarine.html
- sixothree 7y agoNothing is stopping you from selling these supplies at inflated prices. There is no market failure here.
- nullc 7y agoCalifornia PC396 "prohibits raising the price of many consumer goods and services by more than 10% after an emergency has been declared", sayth the internets. Many other states have similar gouging rules. https://www.vvng.com/sb-district-attorneys-office-warns-about-coronavirus-and-price-gouging/ https://www.vvng.com/sb-district-attorneys-office-warns-abou... (I don't think I'm opposed to the existence of such laws, but I think the issue is complicated.)