Your stripe bar message here.

Hide
Show
Categories: Video Games

Of all the social sciences, economics is perhaps the coldest and most unfeeling. If you need any proof, look no further than the outrageous mark-ups some sellers are already attaching to the only-just revealed Super NES Classic.

Econ 101 teaches us that when supply is vastly out-paced by demand, prices will rise, something that already played out with the NES Classic. Scalpers famously grabbed up as many as they could, choking off any readily available supply, and Nintendo itself only churned out a finite number, increasing the disparity even further. The result? NES Classics still sell for twice or more the manufacturer’s suggested retail price.

As you can see from the slides, scalpers, or rather “resellers” are expecting similar supply and demand imbalances with the SNES Classic. We’re hoping Nintendo learns from its mistakes with the NES Classic, but there’s also the problem of unconstrained orders from online retailers. People used automated bots to order multiple units, causing headaches for anyone on the level and sometimes crashing retailer websites.

Continue reading…

Tags:
Posted on Jun 27, 2017

Leave a Comment

Your email address will not be published. Required fields are marked by *.

You must be logged in to post a comment.

siteseal

RSS Google+

Top

AbodeToday is Stephen Fry proof thanks to caching by WP Super Cache