Mira: You should be able to buy anything with a limit order.
“I don’t feel like paying $250 for an anime figurine, but I left an order up for $50”
If they saw 10,000 orders at a lower price rung …
As usual the answer is transaction costs
Agree and also perceptions. The idea here is to facilitate price discovery and price discrimination. If only we knew people’s WTP and could serve them lower prices acceptable to us when volume isn’t moving at the current price! We can adjust prices ad hoc, but maybe a little upfront market research would be better and an exchange might be smoother (subject to TCs). The flipside of this has the problem that consumers hate it [Reuters]. Also, hedging (see: futures markets) does happen in B2B, but with more sophisticated owners and larger businesses. The supply chain is constantly to optimize inventory management (again, not mom-and-pops you see on save-my-business shows).
Agree and also perceptions. The idea here is to facilitate price discovery and price discrimination. If only we knew people’s WTP and could serve them lower prices acceptable to us when volume isn’t moving at the current price! We can adjust prices ad hoc, but maybe a little upfront market research would be better and an exchange might be smoother (subject to TCs). The flipside of this has the problem that consumers hate it [Reuters]. Also, hedging (see: futures markets) does happen in B2B, but with more sophisticated owners and larger businesses. The supply chain is constantly to optimize inventory management (again, not mom-and-pops you see on save-my-business shows).