On 4/4/11 4:20 PM, Evan Leibovitch wrote:
High school economics teaches that demand rises as prices drop, assuming a certain amount of elasticity in demand.
If this is applicable here, shouldn't it follow that minimizing prices might *increase* mass synchronous demand (as opposed to the result of artificial price inflation)? If not, why? If so, what is our suggestion of a throttling mechanism to deal with the increase in demand?
High school math manages to reach the mid-17th century. Some developments in economic theory occurred after that date. All that is required for "this" to be applicable here is the wave of a magic wand and in the blink of an eye the cost and complexity of the aggregate of some very aggravating and vexing requirements in the DAG, and ICANN Legal and Compliance Staffs, and some of the laws of motion will vanish or cease to apply. However, if the DAG, ICANN Legal and Compliance Staffs, and one or more of the laws of motion are magic wand resistant, then "this" may not be the best model available. A "throttling mechanism" may be useful when the queue of applications for which a public interest exists have been served, and "price setting" in a market for which no public interest exists is a tool to determine demand. Eric