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I think the premise is wrong because: - "tickets are prices too low": What do you mean by "too low"? Is the price that's set by the people involved low? Or is

I think the premise is wrong because: - "tickets are prices too low": What do you mean by "too low"? Is the price that's set by the people involved low? Or is it what they think the value of the ticket is? - Can you imagine if bananas were now $50 per banana? I mean, if there was only ONE company selling them, it would actually probably have already happened. So that would ultimately be the "market value".

anoonmoose 4y ago
What's the price of a GPU- the MSRP or the current bid for the only one available on eBay? In my opinion, it's the value I can actually buy the thing for.
- pedrogpimenta 4y ago
  Key difference: > the only one available vs > all the tickets since day one
  - anoonmoose 4y ago
    I don't think there's a difference there. If there are no GPUs available for MSRP and dozens or hundreds available for 2-3x MSRP, the price is 2-3x MSRP. Whether it's day one or day N, the price is what you can buy it for that day.
    - matwood 4y ago
      Exactly. And people forget that market prices do not always go up. I've been to quite a few sporting events where I bought scalped tickets day of for less than face value. Tickets have expirations like options do. No seller wants to be still holding tickets when the event starts.
    - pedrogpimenta 4y ago
      That's not what we're comparing. > If there are no GPUs available for MSRP and dozens or hundreds available for 2-3x MSRP. If you want to extrapolate, it should be > Last year's $100 model has been selling for $500 on ebay. The new one would cost $110 but because of that, we'll now price it $550, because people pay for that. But hey, if you agree with that, you agree with that. I don't.
      - anoonmoose 4y ago
        Why would I not agree with people or organizations choosing the price they sell their products and services for? Outside of discriminatory practices (and I don't consider price differentiation to be discriminatory) or emergency scenarios (gouging for gas in a hurricane for example) I don't find lowering or raising prices on what is unquestionably entertainment to be immoral in any way. Why do you?
colinmhayes 4y ago
Value is set by markets. If people are willing to pay more than the price than there will be a shortage meaning the price is too low, some people who want to buy a ticket can't.
- pedrogpimenta 4y ago
  Yes, that's what I said.

anoonmoose 4y ago

What's the price of a GPU- the MSRP or the current bid for the only one available on eBay? In my opinion, it's the value I can actually buy the thing for.

pedrogpimenta 4y ago
Key difference: > the only one available vs > all the tickets since day one
- anoonmoose 4y ago
  I don't think there's a difference there. If there are no GPUs available for MSRP and dozens or hundreds available for 2-3x MSRP, the price is 2-3x MSRP. Whether it's day one or day N, the price is what you can buy it for that day.
  - matwood 4y ago
    Exactly. And people forget that market prices do not always go up. I've been to quite a few sporting events where I bought scalped tickets day of for less than face value. Tickets have expirations like options do. No seller wants to be still holding tickets when the event starts.
  - pedrogpimenta 4y ago
    That's not what we're comparing. > If there are no GPUs available for MSRP and dozens or hundreds available for 2-3x MSRP. If you want to extrapolate, it should be > Last year's $100 model has been selling for $500 on ebay. The new one would cost $110 but because of that, we'll now price it $550, because people pay for that. But hey, if you agree with that, you agree with that. I don't.
    - anoonmoose 4y ago
      Why would I not agree with people or organizations choosing the price they sell their products and services for? Outside of discriminatory practices (and I don't consider price differentiation to be discriminatory) or emergency scenarios (gouging for gas in a hurricane for example) I don't find lowering or raising prices on what is unquestionably entertainment to be immoral in any way. Why do you?

colinmhayes 4y ago

Value is set by markets. If people are willing to pay more than the price than there will be a shortage meaning the price is too low, some people who want to buy a ticket can't.

pedrogpimenta 4y ago
Yes, that's what I said.