[p2p-research] [p2p energy economy] Re: excellent contribution on flow money by Martien van Steenbergen

[Ryan Lanham]

Patrick makes excellent and valid points.  I agree with them all.

Any system that enforces costs that are not pure market costs (economists
call these transaction costs or coase transaction costs) will create
incentives for people to cheat in ways that avoid those costs.  Classic
transaction costs are taxes, but fixed inefficient prices work just as well
(Nixon fixed wages and prices...in a classic economic debacle...)

That's why people sell drugs...it is profitable to do illegal things!  But
see also Freakonomics which talks about why crack cocaine dealers are poorly
paid.

Ryan


On Thu, May 21, 2009 at 4:07 PM, Patrick Anderson <agnucius at gmail.com>wrote:

>
> On Thu, May 21, 2009 at 2:14 PM, marc fawzi <marc.fawzi at gmail.com> wrote:
> > we don't need to resort to the mechanics of the falsely called 'market
> price'
>
> Marc,
>
> Could you tell me (again if I missed it) why we cannot let price vary
> at every transaction according to an instantaneous agreement (as Ryan
> mentioned) made between the "current owners" and the "potential
> consumer"?
>
> In other words, why do you want to avoid haggling and dynamic pricing
> at the point-of sale?
>
> Shouldn't the "current owners" for that good or service and the
> "potential consumer" for that *exact* sale be allowed to make
> judgments about pricing in private without referencing a centralized
> pricing scheme?
>
> Won't such policy create a gray/black market where things are
> purchased by 'scalpers' who then resell them to those who are willing
> to pay more?
>
> I'm not saying you are wrong or right, I just don't understand why you
> want to control the price.
>
> To give perspective I again mention my approach is to let price float
> wherever it may, but to treat all price above cost the consumer is
> willing to pay as his investment.
>
> It seems there could be gray/black market problems for my scheme too,
> but I have not yet been able to identify what they would be.
>
> Thanks,
> Patrick
>
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