>There is also price discrimination where buyers decide that web >consumers won't buy at the regular market price so they offer >lower prices on line. Much of real-world pricing behavior was >mysterious to me until I learned about p.d. in my first micro-econ >class.
I used to love going shopping with the econ grad students. I recall going Christmas shopping with an econ grad student at Wannamakers. Upstairs he was looking at a potential gift, but put it aside. Later he saw the same item on the ground floor. He picked it up and decided to buy it. On the way to the checkout counter he became apoplectic when he noticed that the price was about 10% higher than it had been upstairs. "Microeconomics" he cried. "Externalities" I laughed. I have read that Best Buy goes so far as to redirect in-store computers to an in-house version of its website that does not have the same web pricing you will see from home. ************************************************************************ * ==> QUICK LIST-COMMAND REFERENCE - Put the following commands in <== * ==> the body of an email & send 'em to: [EMAIL PROTECTED] <== * Join the list: SUBSCRIBE COMPUTERGUYS-L Your Name * Too much mail? Try Daily Digests command: SET COMPUTERGUYS-L DIGEST * Tired of the List? Unsubscribe command: SIGNOFF COMPUTERGUYS-L * New address? From OLD address send: CHANGE COMPUTERGUYS-L YourNewAddress * Need more help? Send mail to: [EMAIL PROTECTED] ************************************************************************ * List archive from 1/1/2000 is on the MARC http://marc.info/?l=computerguys-l * List archive at www.mail-archive.com/[email protected]/ * RSS at www.mail-archive.com/[email protected]/maillist.xml * Messages bearing the header "X-No-Archive: yes" will not be archived ************************************************************************
