Quote:
Originally Posted by bgalbrecht
You're assuming that the publishers are rational, and
1) want to maximize the profits for each individual title
2) have the resources to do so.
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You can't argue economic absolutes, when one of the parties violates the basic tenents of
basic economic theory. At the level most people are familiar with economics, i.e. 101 series micro/macro, all consumers are
rational beings who want to maximize their utility. Whether that utility comes from more money, more time, or more food, they want to maximize it and make
rational decisions to do so.
In that very specific construct, no, you cannot price anything too high because the want to maximize utility coupled with a lack of sales will very quickly cause more
rational pricing, and equilibrium to be reached.
Without the assumption of a rational being and quick decision making, i.e. your own characterization of publishers, you CANNOT apply 101 series economic theory. Therefor, you CAN price an item "too high".
EDIT: But I've noticed that the OP doesn't look for understanding. Every month or two he posts a bombastic post guaranteed to attract attention, in the hopes of talking past them. I propose we stop encouraging him, and let his silly non sequiturs slide into oblivion.