Marginal Revolution has a great post up on
Xbox 60 Economics The post is insightful, but the comments are what really flesh out the topic. There is a lot of paranoia about Microsoft, and that they might be artifically trying to create a shortage of xboxes, and what their motivations for that would be. Also why if the shortage was intentional, why they aren't trying to price gouge. The discussion then goes into how the fact that a small minority of people are buying the boxes on ebay for $1000+, that dosen't mean that xboxes are underpriced in general. Anyway, I highly reccomend it for anyone interested in Economics.
Print | posted on Monday, December 19, 2005 6:36 PM