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There's a variety of second-order consequences that aren't addressed by simply trying to price out scalpers/capture excess willingness to pay. unethical_ban li
by dwohnitmok 4y ago
There's a variety of second-order consequences that aren't addressed by simply trying to price out scalpers/capture excess willingness to pay.
unethical_ban lists some of them.
There are others. For example, it is psychologically quite different to have scalpers say change prices every day or even every hour than to have a large company change prices every day or every hour for the same product. You can have considerable customer ire directed at the company in the latter case.
In a similar vein to what unethical_ban said about lotteries for everyday people, the hype that a company builds with products at "everyday prices" just in limited quantities is different and targets a different audience than products that are priced at luxury prices, even if the product on a secondary market commands the luxury prices.
Simply changing the price to try to deal with scalpers is an extraordinarily blunt tool that can run counter to many other priorities a company might have.
- tw98521358 4y agoPart of if luxury good appeal is that that proof of work creates additional value. For example if you had be the first to solve a complex puzzle, wait in line for 24hrs or even have the fastest bot to get the item. That creates hype and adds to brand value. Nike then cashes out that value by making partner stores Buy their shitty products to get a chance to score the good stuff