3 ms·
I expect this will lead to some price fixing. The article mentioned Newegg and BestBuy jumping up their price briefly by $100 or so. To me that sounds like si
by DigitalJack 14y ago
I expect this will lead to some price fixing. The article mentioned Newegg and BestBuy jumping up their price briefly by $100 or so. To me that sounds like signaling. They are signaling that they are willing to raise prices by sending up a flag.
If others find that agreeable, then they raise their price too. The desire to be in the "buy box" drives prices down, but this kind of maneuver would act as a reset mechanism.
As a counterpoint, the sheer number of competitors will help mitigate this.