Earlier quoted context omitted.
> First come first served is a better principle than "surge pricing". This is called a price ceiling, and it's a bad idea with a track record of failure and significant harm. I'd rather pay extra and get what I need with 100% chance than get what I need cheaply with 5% chance and otherwise be forced to go without or buy from scalpers for the same price I would have paid anyways. This is the purpose of prices. So the…
> This is called a price ceiling The act of eliminating surge pricing is not a price ceiling. That's a different thing. That requires more than simply swapping surge pricing with first come first served. You've created a strawman. > I'd rather pay extra and get what I need with 100% chance False dichotomy. Neither approach increases supply. Of course according to economists who can hand wave away bullwhip effects wit…
If you force companies to price products lower than what they want, then you have a price ceiling by definition.
> Neither approach increases supply.
I didn't mention or allude to supply at all, although it's true that price ceilings also decrease supply (less so if there is monopoly or collusion, but they still do).
I was talking about resource allocation. The person who needs a new system because their previous computer broke will be willing to pay the extra money, but the person who already has a DDR4 system with a 5950x that runs their games well enough will be content to hold off on their AM5 upgrade to DDR5 because the marginal improvement isn't worth the extra $400.
If you have a price ceiling like what you proposed, the person with the DDR4 system may buy the DDR5 that they don't really need 1 day earlier than the person who actually needs the DDR5, creating a misallocation of resources.
(that's an example of the more abstract principle at play).
Theoretical arguments aren't even needed here. The empirical history of price ceilings is there for you to google.
If you didn't know that what you were proposing is a price ceiling, and you thought that I was talking about supply instead of resource allocation, then I mean this with no offence intended but you should study elementary economics before forming confident opinions on the subject. Society is in a vulnerable point with cost of living pressure and we don't need more energy behind these harmful populist ideas.