Re:Mobile data: Why India has the world's cheapest
by monksy on Monday March 18, 2019 @03:27PM
(#19424294)
When you say they, who are you talking about? Western or Indian consumers?
Auctions aren't the same as bargaining. Auctions have a lower price that is constantly going up. It just helps to reveal the max that a buyer will pay.
Re:Mobile data: Why India has the world's cheapest
by Scoundreller on Monday March 18, 2019 @04:23PM
(#19424837)
Both groups.
Bargaining is a waste of time if you have alternatives that don’t require it to get a good price.
Auctions has buyers that are willing to pay more up until a point. Negotiating at the market has a seller that is willing to pay less up until a point.
The same rules largely apply.
Consumers would rather go to a big box store where they know they’ll pay an okay price all the time instead of a market where they’re expected to mentally calculate the actual value of every good and negotiate down to a magic number.
Even EBay couldn’t keep the auction concept alive.
Auctions (effectively what these negotiations are) are great for one thing: unique and expensive objects.
It’s a pain to have to spend hours a year negotiating every $50/month that goes out of my pocket. That’s a lot of unproductive hours against a machine with thousands of employees working against me.