Scarce things become objects of envy, increasing social value to ourselves, and they also increases the probable resale value, even in the absence of other information. The scarcity often signals high demand from others, as in the out-of-stock example.
Scarce things become objects of envy, increasing social value to ourselves, and they also increases the probable resale value, even in the absence of other information. The scarcity often signals high demand from others, as in the out-of-stock example.