I admit I’m pretty unsure how my beliefs change as the % of PS5s grabbed by scalpers changes.
Like, the more PS5s scalpers get, the higher the time cost for anyone trying to buy at RRP in the short term, but the faster the scalpers will run through the population of people willing to pay high markups?
This is where I realise that I don’t know how scalpers actually react to that situation – maybe for some reason they just drip-feed their PS5 hauls? Maybe (probably) they’re more patient than most of the people trying to win drops, so they sell off their PS5s more slowly (and so remove competitors from the pool at a lower rate than otherwise would be the case)?
I think there’s a pretty strong chance I’m just misunderstanding something here.
The drip feed idea sounds really unlikely. The scalper is not a monopolist over the sales of PS5s, so he is accepting the market price, and can’t raise it by unilaterally not offering supply. For that to happen the scalpers would need to coordinate.
I admit I’m pretty unsure how my beliefs change as the % of PS5s grabbed by scalpers changes.
Like, the more PS5s scalpers get, the higher the time cost for anyone trying to buy at RRP in the short term, but the faster the scalpers will run through the population of people willing to pay high markups?
This is where I realise that I don’t know how scalpers actually react to that situation – maybe for some reason they just drip-feed their PS5 hauls? Maybe (probably) they’re more patient than most of the people trying to win drops, so they sell off their PS5s more slowly (and so remove competitors from the pool at a lower rate than otherwise would be the case)?
I think there’s a pretty strong chance I’m just misunderstanding something here.
The drip feed idea sounds really unlikely. The scalper is not a monopolist over the sales of PS5s, so he is accepting the market price, and can’t raise it by unilaterally not offering supply. For that to happen the scalpers would need to coordinate.