Questions tagged [artificial-scarcity]
Artificial scarcity is the scarcity of items that exists even though either the technology for production or the sharing capacity exists to create a theoretically limitless or at least greater quantity of production than currently exists.
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Is there a qualitative difference between the rent derived from a supply fixed by nature and single supplier required to supply a fixed quantity?
The assumption are that
supply is absolutely and permanently fixed at q
average and marginal costs are zero
demand always exceeds supply (P ≥ 0)
The graph should look the same in both cases: a ...
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Piracy/File sharing - Why aren't songs, movies or ebooks given for free (+ads) like TV?
Question: Why aren't songs, movies or ebooks given for free (+ads) like TV?
i. Sub-question Every minute, people are pirating and there is no stopping that. If people see 0.99 for a song on iTunes ...
