"The supply and demand economic models will still apply...just not yet."
Don't all economic models assume a perfectly knowledgeable consumer? And doesn't the internet bring the consumer substantially closer to perfect knowledge? Aren't prices faster to normalize under these conditions?
Maybe it's different with collectables (though I doubt it), but with things like a new cars and plane tickets (formerly murky waters) it is certainly much easier, in the informaion age, for potential customers to know what price is fair.
Tom Dalton
> I think the repetition of collectibility "patterns"
> has been skewed with the
> advent of this information age. I do believe that
> after an initial frenzy
> that prices will likely normalize but that may take
> quite some time as more
> and more people use the internet. The market for
> goods is at the knee of a
> growth curve and who knows how long it will continue
> to expand. Disregarding
> the anomalies we have witnessed as of late, things
> are going to increase in
> price at a faster but still gradual rate. The supply
> and demand economic
> models will still apply...just not yet. The world's
> getting very small.
>
> People covet what they see...unfortunately they see
> it all on e-bay. We need
> alternatives to the world wide auction. It may be
> naive to suggest that
> people may want to barter for "fair value" instead
> of maximum profit but
> hey, can't a fellow dream?
>
> Warren Young
>
>
> Brandon wrote...
>
> I think right now is the heigth of
> "lightweight" collecting. You mark my words, in 10
> years there will be
> half the number of people collecting "lightweight"
> stuff. It's basic
> economics of supply vs. demand at work.
>
>
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