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>"Because it's worth that much. I didn't even give it any thought – I just hit the purchase button the moment I read I could." I wish there were a way of ident
by xiaoma 14y ago
>"Because it's worth that much. I didn't even give it any thought – I just hit the purchase button the moment I read I could."
I wish there were a way of identifying people like you online and charging more to capture some of that consumer surplus :)
- jdminhbg 14y agoLooks like there is a way: Make a great product and sell it for a premium price.
- xiaoma 14y agoThe rub is that "a premium price" means something a little bit different to each customer. Unless you price it so highly that only one person in the world will pay for it, you're leaving consumer surplus on the table. Clearly that's not a good solution though, since you miss out on all the slightly more price sensitive customers.
- wmeredith 14y agoAh yes. It's always smart to punish your best customers. That's how you end up with Organizations like The Pirate Bay.