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Is the age of discounts over?
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<blockquote data-quote="freyar" data-source="post: 3618111" data-attributes="member: 40227"><p>Well, this has been very interesting reading. Without getting into how tragic the FLGS tragedy of the commons is, Ryan Dancey makes a few statements about economics that don't strike me as quite right.</p><p></p><p>First off, he says that gaming demand is inelastic, meaning that people won't buy a similar (but not identical) product at a lower price. So if people want M:tG, they won't buy a cheaper knock-off. But he seems to ignore the fact that people will buy less of M:tG at a higher price (until WotC comes out with newer, cooler cards). Of course, this isn't really the issue with this court decision; WotC can set the price where it wants based on their understanding of the supply/demand curve and either (a) tell retailers exactly the price or (b) suggest a retail price. The point is, WotC can adjust the price either way so consumers get it at the correct point on the supply/demand curve. In this, it seems like R.D. might be right that fixing a price across the board might help the LGS (or at least not hurt it). But how important that is has been the debate here. <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f642.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":)" title="Smile :)" data-smilie="1"data-shortname=":)" /> </p><p></p><p>The other thing that he implies is that removing antitrust barriers from the market is capitalism (true enough, in a strict <em>laissez faire</em> sense) and therefore great for consumers. W/o straying into politics, let's just say that pure capitalism tends to end up in the form of monopolies (Ma Bell, MS, etc), which isn't always great for consumers. There is a reason antitrust laws were instituted, after all.</p><p></p><p>In the end, though, I'm glad this decision seems unable to affect the Canadian market. Since I moved here a year ago, I've been appalled at the ridiculous "exchange rate" for USD/CAD with respect to book retail pricing. The only way to get fair value for my dollar is through deep discounting.</p></blockquote><p></p>
[QUOTE="freyar, post: 3618111, member: 40227"] Well, this has been very interesting reading. Without getting into how tragic the FLGS tragedy of the commons is, Ryan Dancey makes a few statements about economics that don't strike me as quite right. First off, he says that gaming demand is inelastic, meaning that people won't buy a similar (but not identical) product at a lower price. So if people want M:tG, they won't buy a cheaper knock-off. But he seems to ignore the fact that people will buy less of M:tG at a higher price (until WotC comes out with newer, cooler cards). Of course, this isn't really the issue with this court decision; WotC can set the price where it wants based on their understanding of the supply/demand curve and either (a) tell retailers exactly the price or (b) suggest a retail price. The point is, WotC can adjust the price either way so consumers get it at the correct point on the supply/demand curve. In this, it seems like R.D. might be right that fixing a price across the board might help the LGS (or at least not hurt it). But how important that is has been the debate here. :) The other thing that he implies is that removing antitrust barriers from the market is capitalism (true enough, in a strict [i]laissez faire[/i] sense) and therefore great for consumers. W/o straying into politics, let's just say that pure capitalism tends to end up in the form of monopolies (Ma Bell, MS, etc), which isn't always great for consumers. There is a reason antitrust laws were instituted, after all. In the end, though, I'm glad this decision seems unable to affect the Canadian market. Since I moved here a year ago, I've been appalled at the ridiculous "exchange rate" for USD/CAD with respect to book retail pricing. The only way to get fair value for my dollar is through deep discounting. [/QUOTE]
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