Quote:
Originally Posted by Seli
I have not trained as an economist, but I think it should be at least at low as possible for the buyer and a price that will result in the most profit in aggregate for the seller (not necessarily the highest price).
And even than I would guess for example game theory would result in a (prediction for a) reasonable price.
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Game Theory will tell you that, indeed, customers aspire for the lowest price, and sellers for the highest. Obviously, it is the point in which they both agree which will set up the price. However, there is no such thing as "reasonable" price for both parties. As we can see in this case, pirates go to big extremes to circumvent paying (their reasonable price is 0 and only 0), and as we can see as well, corporations and vendors go to big extremes as well to guarantee themselves perpetual incomes (the nighest thing to the value "infinite" is their reasonable price).