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havoc81
havoc81 @havoc81 commented on GameStop
Sep 29, 13 at 6:51pm
No, Nintendo caused the inflation by releasing in limited quantity and only to Gamestop, and the demand from gamers that were willing to pay that amount. Gamestop just took advantage of this. Amazon set the used price long before Gamestop. As a side note I bought the game 3 weeks after it came out new at gamestop, and all 3 gamestop around me had one as well as online. You almost never see that with a limited run JRPG. The copies were there but people wanted to wait to buy used, and you reap what you sow.
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xueli
xueli @xueli commented on GameStop
Sep 29, 13 at 10:02pm
Consumers set the price. So long as people are buying it for however much they are, that's what the price is going to be.
wiglaf
wiglaf @wiglaf commented on GameStop
Sep 29, 13 at 11:48pm
Again, that is NOT inflation. You are using the term incorrectly. Inflation occurs when there is TOO MUCH supply and it causes the value of something to go DOWN. Inflation is the opposite of what you are talking about. Xueli is correct, goods are worth exactly what a person is willing to pay for them, this is called the "reservation price" of a particular consumer and whomever has the highest reservation price will set the current market value. Scarcity raises prices because consumers compete in this way to obtain the good. However, as those willing to pay the highest price do so then the market price actually will lower as the highest reservation price becomes lower. This continues until a unit is sold at margin, which is when you reach a point that to sell lower would mean selling at a loss. With a situation as described in this thread the item will not be sold at margin, it will always be sold at a premium due to scarcity (a scarce market as opposed to an inflated market). That is just smart business unless you believe that you can create a larger profit by selling more units at a set lower price, but that is getting in to equilibrium price and quantity.
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havoc81
havoc81 @havoc81 commented on GameStop
Sep 30, 13 at 1:44am
I know the correct term is not inflation (though I did not know the correct term and definition, thanks). But none of that is prevalent in this conversation, though I agree with you on your main point of it just being a good business move. On the other hand your point earlier about just going with steam instead of consoles for gaming may be good for you, and I agree the prices are good.It is one of the dumbest thinks I have heard a gamer recommend to all other gamers. PC gaming and Steam are a good edition to gaming, but outside western developers there just is not enough support. Take Japan for instance at TGS 2013 other than MMO's and battlefield they were none existent. PC gaming is the future, but the PC master race does not exist yet, sorry. And, yes I have a gaming computer with steam and every console made.
havoc81
havoc81 @havoc81 commented on GameStop
Sep 30, 13 at 1:49am
It has happened way more than that.A lot of my games in my collection fall under the same category as Xenoblade though not as fast as it did. And just recently it also happened to the Metroid Trilogy.
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havoc81
havoc81 @havoc81 commented on GameStop
Sep 30, 13 at 2:06am
I'm not saying that steam is not trying to get everyone to release on PC, but if I have to pick one thing to play games on PC just is not the number 1 spot. How was the last of us, or grand theft auto or for that matter most non-mainstream jrpg. PC will win out eventually, but its not there yet. This may very well be the last console race, but as of right now they still rein. Oh and Capcom is a joke please don't use them as a model of japanese game developers.
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