Quote:
Originally Posted by Logseman
There is no such thing as a "reasonable price" for a book. Reasonable is as low as possible for a buyer and as high as possible for a seller. The labels of "reasonable", "fair" or "adjusted" can't apply to prices, as it would establish that someone else has the capability of exceeding the value-distributing ability of the market, which is false.
|
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.
ETA: I think you're also assuming a completely rational consumer, which would not fit at all for books.