|12-27-2007, 10:48 PM||#1|
Books and more books
Join Date: Mar 2006
Location: White Plains, NY, USA
Device: Nook Color, Itouch, Nokia770, Sony 650, Sony 700(dead), Ebk(given)
$40K to fill an iPod? One third of PCs use LimeWire instead
Since issues related to pricing of digital content, darknet and so on seem to be hot, here is another very interesting article. Again, this to me is not about morality, condoning or condemning this practice or that, but just some facts about how the real world operates.
"Update: I just want to make a quick update in response to some of the more inane comments in the discussion thread, and note that the idea on which this article is premised, i.e. that a thriving gray or black market in a particular commodity is evidence of overpricing (typically from a monopoly or cartel) in the legit market, is pretty uncontroversial in economics when applied to things like drugs and non-union labor.
So I don't really understand where there's a lot to disagree with here, at least from the standpoint of basic arithmetic. I mean, gray and black markets aren't really about morality--they're about simple supply and demand."