4 ms·
Against what law? Isn't speculation pretty normal in a lot of markets?
by chmod600 5y ago
Against what law? Isn't speculation pretty normal in a lot of markets?
- ajmurmann 5y agoThere are laws against price gouging. I believe those only apply during emergencies. Personally, I believe it's manufacturers not asking for the price the market is willing to pay and scalpers taking advantage of that. Charging real prices also can prevent hording in certain emergencies.
- simonh 5y agoManufacturers aren’t always able to charge real market prices in a flexible way. They rely of regular reliable order volumes and can’t charge different prices to different customers, and can’t vary prices easily day to day so can’t take advantage of the fact different customers are willing to pay different prices. They also often don’t have distribution and extensive dispersed inventory, so can’t offer different prices to different geographic markets, or different markets with particular volume requirements, or different order/delivery latency tolerances.