Re:Too Many People Are Going to New Zealand
by btdiehr on Friday March 17, 2017 @07:13PM
(#13898766)
Of course not. Some people seem to think pasting tangentially related wikipedia articles contributes to discussion, but it doesn't.
[ Parent
| on HN ]
It was posted as a counter-point to its parent's unqualified assertion that raising prices lowers demand.
Re:Too Many People Are Going to New Zealand
by halcyondaze on Friday March 17, 2017 @08:43PM
(#13899228)
Right but randomly posting in a link to Veblen good on Wikipedia because it's one example of when raising prices doesn't lower demand doesn't mean it's in any way relevant to this discussion. Almost no one would argue that this kind of travel is a Veblen good.
Re:Too Many People Are Going to New Zealand
by kornish on Friday March 17, 2017 @07:43PM
(#13898952)
Right. And in some cases, that would be apt, but here it's not because travel is almost never a Veblen good.
> unqualified assertion that raising prices lowers demand
An inverse relationship between price and demand is normal. Veblen goods are noteworthy precisely because they are exceptional. The demand of assertion, then, should fall on the poster of the Wikipedia link.