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I think auctions would be really clever way of solving the issue of product launches with limited supply; right now we are living in a situation where goods sel
by zokier 5y ago
I think auctions would be really clever way of solving the issue of product launches with limited supply; right now we are living in a situation where goods sell out in seconds or minutes, possibly crashing the store system, leaving door open for scalpers (although I suspect the effect is exaggerated), and generally leaving everyone unhappy. Something like uniform price auction could work much better.
- cinntaile 5y agoWell... The problem is that customers won't appreciate this that much. They're gonna interpret this as companies trying to extort them.