True, but the extra money goes to the scalper to pay for the scalpers time. The moment the makers started selling the PS5 too cheep, they were destroying value in search costs. Scalpers don’t change that.
My guess is overall scalpers spend a lot less time buying them, though definitely not 0 either. So I do think scalpers drive total search costs down.
True, but the extra money goes to the scalper to pay for the scalpers time. The moment the makers started selling the PS5 too cheep, they were destroying value in search costs. Scalpers don’t change that.
My guess is overall scalpers spend a lot less time buying them, though definitely not 0 either. So I do think scalpers drive total search costs down.