alt Hacker NewsI don't get why companies don't take advantage of the demand.
For example: Start the bidding at BASE_PRICE (BP) + 2400. Then reduce the price by $1 every 3mins over the course of 5 days. Until the BP is met and then just carry on queuing.
You could buy it early if you want it that much or just wait an extra couple of days and end up in the queue at the BP.
I don't know if it would create pressure on that second it ticks over to the BP, so then its BP+1 - well I guess the nash equilibrium would be pushed up.
Replies
Because it damages the brand and many people will remember the product as being heavily overpriced and never come back.
because the less wealthy get mad about it
Most companies need customers that don't hate their guts, that's why they don't do this
Holy fuck, not everything in this life needs to be profit maximized.