3 ms·
Except that your markets are not perfect, your scalpers have overhead and now represent a middleman who wants their cut.
by esyir 5y ago
Except that your markets are not perfect, your scalpers have overhead and now represent a middleman who wants their cut.
- pishpash 5y agoIf the buyers could participate in a bidding market directly at the supplier, there would be no need for this overhead. The overhead you speak of is the cost of running a liquid market for a particular good where none existed.