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Wow, so the author basically suggested to use the auction to sell the keyboard at $1668 instead of $500 because it’s not market clearing price? That’s borderlin
by in_hindsight 7y ago
Wow, so the author basically suggested to use the auction to sell the keyboard at $1668 instead of $500 because it’s not market clearing price? That’s borderline evil
- durkie 7y agoCan't they just not buy it? Lots of cheaper alternatives out there. Seems no different than a fancy watch or pen.
- guidoism 7y agoIf this was medicine, or tampons, or something people really needed, then yes. But extremely high-end mechanical keyboards? Not really evil. It's a Veblen good.
- pessimizer 7y agoAgreed. Milking conspicuous consumers for as much as you can is good for the economy in general because it gets people with a lot of parked money to spend more.
- pmarreck 7y agoWhy shouldn't you sell something at a greater premium, if the demand is there? This is basic capitalist economics. It also means that a competitor can come in and offer an equivalent or superior product for less money and still make money.