RE: RE: Project Nessie - Price Gouging The Amazon Style
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RE: Project Nessie - Price Gouging The Amazon Style

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I think price gouging is evil and goes against free market and decency.

Here is a truth I routinely teach my students: there is no such thing as “price gouging”.

Whenever two parties enter into a financial transaction, both parties are better off, as long as there is no fraud or coercion involved.

If that were not the case, the party that is not better off would simply walk away.

If Amazon prices a product at an unreasonable price, nobody will buy it.

If somebody buys the product, they did so because either it was the best price they could find, or they value the convenience or fast shipping more than the cost savings of buying it elsewhere.

Either way, Amazon cannot force someone to pay more for a product than the product is worth to the purchaser.

@trostparadox: I think price | Ecency