3 ms·
Nice in theory, but doesn't really work on practice, as markets are too efficient for transferrable goods. Also, it is poor theory for a good with unlimited ev
by Evbn 14y ago
Nice in theory, but doesn't really work on practice, as markets are too efficient for transferrable goods.
Also, it is poor theory for a good with unlimited eventual production capacity.
They could put a serial number / batch number on each one, and sell the first many at a huge premium, and then then pour all those profits into selling later units at a huge discount.
- beagle3 14y agoApparently, it did work in practice for them, starting from the 3rd week or so - most people who wanted one, got it at the official price. The people who wanted one right now paid whatever the scalpers were asking for. They are optimizing for price=const, which they believe they could support ad-infinitum. Doing what you suggested would cause price fluctuations, if the premium dries up and they can't offer the discount any more. Sure, there was a short transient period where it didn't work perfectly. But it was short. And now everyone can get one at $35, and would be able to do so in the future as well.