Austrian Economics, a lens on everyday reality Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Austrian Economics, a lens on everyday reality

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gpowell who wrote (267)	11/10/2003 6:52:02 PM
From: Don Lloyd	Read Replies (1) of 445

gpowell, While I may be more or less indifferent to parts of your post, especially efficiency, everything you say is true. In a modern, division of labor, mass production, economy, one to one price negotiations are simply too costly in time and effort to be practical for most goods. This why most goods have a large number of potential buyers and a small number of suppliers. In this circumstance, it makes sense for suppliers to post list prices, even if eventual transactions also include an element of negotiations as well. The post that you replied to was a small part of a larger discussion. The overall subject is the question of reimporting prescription drugs and their prices. The public discussion of the issue includes a number of elements said to be involved in the determination of pricing, but which are in fact side issues, or are involved in ways that are different than claimed. Some of these issues are : 1. Foreign fixed prices 2. R&D costs 3. Advertising These or other issues can be discussed, if desired. Thanks for your reply. Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next