SI
SI
discoversearch

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.
Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (3934)1/16/2008 7:58:51 PM
From: Road Walker  Respond to of 42652
 
I'm not talking law, Tim. I don't believe in price controls. I'm talking about ethics.

I told you so.



To: Lane3 who wrote (3934)1/16/2008 9:46:00 PM
From: TimF  Read Replies (1) | Respond to of 42652
 
OT

I can see reason for reluctance to greatly increase prices as well. I wouldn't see a real ethical objection, no violation of any formal moral principles, but keeping the price lower may depending on the circumstances, be something "a nice guy" would do. Not so much that's its wrong to raise the price, but that it can be nice not to do so.

It may be economically inefficient, but if your talking about one or a small number of items, and not trying to supply a large number of people, and if your talking about what's already available rather than a situation where encouraging more supply is a consideration, than the cost of the economic inefficiency, may be borne by you alone, and if you make out ok, than no big deal.

OTOH if your selling a number of goods, say a large store full of generators, you may be being nice to some, at the expense of not being so nice to others, your making people wait in line and so use up their time, and your creating a situation where your supply will run out quickly so someone else who needs it more but doesn't get in line first, doesn't get it. But something like not charging more for your car, isn't a situation where these factors really come in to play.

So I don't really see anything wrong with charging more, and I think charging more could produce positive practical results (not just for the person who is charging more), but in a more social or emotional way of looking at it I can see good reason for reluctance even if it isn't wrong, and doesn't on the net cause harm.