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Products aren't priced based on value, but on the maximum a customer will pay. A free market identifies the value of a product through competition between diffe
by robbedpeter 5y ago
Products aren't priced based on value, but on the maximum a customer will pay. A free market identifies the value of a product through competition between different sellers of the product.
Tinder is entitled to charge as much as they want to whoever they want as long as they're not discriminating against a protected class.
The free market resolution requires competition, though. There might be a reasonable case to be made that products that don't have comparable competition can't be priced in a way that exploits different customers by charging more for receiving the same service or good?
I don't think there's anything comparable to tinder that found be considered legitimate competition- match.com, Madison, adult friend finder, etc are operating in very different markets with very different tools and expectations.
- kelseyfrog 5y ago> There might be a reasonable case to be made that products that don't have comparable competition can't be priced in a way that exploits different customers by charging more for receiving the same service or good? Price discrimination[1] relies on market power. This is a completely uncontroversial thing. Any discussion on price discrimination will tie back to market power. 1. Not a judgement here. This is a technical term from microeconomics.