Well it isn't really an explanation of supply and demand. To say it has "nothing" to do with it though is a bit of an overstatement. I would argue that it does have something to do with demand. Anyway, I was just pointing out the simple reason why the games cost what they do.Octopod wrote:dsheinem wrote:This is a MUCH simpler way of saying what I said.jp1 wrote:
As long as there are people who are willing to pay $100 the price is going to be $100. When people are not willing to pay that much anymore the price goes down.
Yes, but that has nothing to do with supply and demand.
ebay and prices of games
Re: ebay and prices of games
Re: ebay and prices of games
final fight cd wrote:you guys are saying supply and demand. well how come i ALWAYS see a handful of earthbound carts on ebay going for +/- $100 dollars. i also ALWAYS see a handful of CIB snatcher for the sega cd. this would mean in fact that demand is down and supply is up.
The problem you are facing is not a fault of the supply and demand model but of the sellers time value of money. Do they value $75 today or $100 in a month more? If they feel like they can sell it and their time value of money is low (money in the future is nearly equal to the value of money today) then they will choose to list at the higher price and wait.
Can anyone tell what I got my undergrad degree in?