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> Scalping does not cause a shortage. Scalping by definition causes a shortage due to speculators buying up large quantities of something with the plans of sel
by richbell 3y ago
> Scalping does not cause a shortage.
Scalping by definition causes a shortage due to speculators buying up large quantities of something with the plans of selling it at an inflated price caused by a lack of supply.
It isn't the only reason, but saying it doesn't cause shortages is absurd. Availability of things like masks, hand sanitizer, and toilet paper rapidly recovered once people who drove across entire states emptying shelves were shut down.
https://www.nytimes.com/2020/03/15/technology/matt-colvin-hand-sanitizer-donation.html https://www.nytimes.com/2020/03/15/technology/matt-colvin-ha...
- WalterBright 3y ago> Scalping by definition causes a shortage The only purpose to scalping is reselling it. Not taking it out of supply. > caused by a lack of supply. Scalping neither increases nor decreases supply. > Availability of things like masks, hand sanitizer, and toilet paper rapidly recovered once people who drove across entire states emptying shelves were shut down. People were hoarding, not scalping. And they were hoarding because stores were not allowed to increase the price.
- richbell 3y ago> People were hoarding, not scalping. And they were hoarding because stores were not allowed to increase the price. They were hoarding items in high demand with the intention to sell them way above market rate. If only there was a word for that...
- WalterBright 3y agoBuying things at one price and putting them for sale at a higher rate is not hoarding. It's called "arbitrage" and is a normal part of a functioning market.