6 ms·
In a system where you are expected to haggle taking the opening price puts a pretty heavy tax on everything. It's more work to get to a vaguely similar equilib
by landl0rd 14d ago
In a system where you are expected to haggle taking the opening price puts a pretty heavy tax on everything. It's more work to get to a vaguely similar equilibrium distributed slightly less evenly when you look at big markets for similar things.
- Sayrus 14d agoIn a system where fees reach 50%, you are starting with a heavy tax no matter the starting price.