Pricing spare resources and options?

Jim Choate ravage at einstein.ssz.com
Mon Nov 26 20:04:15 PST 2001


On Sun, 18 Nov 2001, Nomen Nescio wrote:

> In a competitive market, prices will tend to stabilize at the cost to
> the supplier, plus profit.

This means nothing, it is self-referential. As a result the rest of the
points you make suffer.

One can define the 'price' and how it gets there from two perspectives.
The first is the seller, the second in the buyer. The sellers position as
to why they accepted a particular prices is actually much easier to
analyze then the purchasers rationale (the reason is there are
non-economic issues involved).


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