Saturday, September 09, 2006
Out of Context Quote, Small Sample Size
by Ken Houghton
TOS currently: $139.99 (though I believe it's $44.99 per season in the stores).
Original pricing from late 2004:
Season 1: $106.99
Season 2: $106.99
Season 3: $ 99.99
Memory serving, the set was offered last Xmas for around $270. BestBuy now lists it for $179.99.
Does this count as deflation?
By the way, the best Star Trek series is coming out for Thanksgiving.
"Rapid price changes lead to economic inefficiency." - Samuelson and Nordhaus, 16th ed., p. 373
TOS currently: $139.99 (though I believe it's $44.99 per season in the stores).
Original pricing from late 2004:
Season 1: $106.99
Season 2: $106.99
Season 3: $ 99.99
Memory serving, the set was offered last Xmas for around $270. BestBuy now lists it for $179.99.
Does this count as deflation?
By the way, the best Star Trek series is coming out for Thanksgiving.
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Does this count as deflation?
Price discrimination is the best answer, but the mechanism would show up as a CPI price decline were TOS a sample good.
Totally out of context, of course, but price discrimination is usually considered efficiency-increasing (as long as you don't mind the seller capturing the economic surplus).
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Price discrimination is the best answer, but the mechanism would show up as a CPI price decline were TOS a sample good.
Totally out of context, of course, but price discrimination is usually considered efficiency-increasing (as long as you don't mind the seller capturing the economic surplus).
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