Game Prices

[Epona]

The min wage is alot higher in Australia than it is in the US, double in fact. A min wage employee in Australia can pay $80 with fewer hours of work than a US min wage employee can pay $60.

 

[lunavixen]

That's my point, you earn more and therefore pay more so percentage wise, the cost is similar. If you earn $100 a week and games cost $10 in aus, while in America they earn $50 a week and cost $5 it's the same percentage even though $10 is more than $5. Except I don't know the real numbers.

But i think the point the OP was trying to make is that the value of the US and the AU dollar is the same but we pay inflated prices in comparison, our wages have been rising to meet the inflated prices, not the other way around (in most cases) and even then the rise is not equal, goods are going up in price faster than our wages are meeting the demand, the cost itself is not the same anyway, companies are still using the worst excuses to jack up the prices here. Thats about all i'm going to say.

 

[TAdamson]

You do seem to be of the opinion that demand is not a role from what you've been saying by focusing on scarcity as being a non issue. As if games were infinite in supply they would be worthless as it would not meet one of the criteria for actually being a good in this case.

I still don't understand how you think scarcity affects this situation. Did scarcity affect the Australian retail price of Modern Warfare 3? Did it affect the retail price of the Wii when there weren't enough units to meet demand?

It may have affected the Ebay price.... but that is quite a different thing.

 

[Glademaster_v1legacy]

You do seem to be of the opinion that demand is not a role from what you've been saying by focusing on scarcity as being a non issue. As if games were infinite in supply they would be worthless as it would not meet one of the criteria for actually being a good in this case.

I still don't understand how you think scarcity affects this situation. Did scarcity affect the Australian retail price of Modern Warfare 3? Did it affect the retail price of the Wii when there weren't enough units to meet demand?

It may have affected the Ebay price.... but that is quite a different thing.

It doesn't usually affect retail price because it can't affect retail price wise. Retailers are an oligopoly congratulations for realising oligopolies mostly rely on deals and other such things. Actually where I am when Tesco runs out of the cheap stuff Gamestop is free to have higher prices so it did for consoles and does for games. So there you go a real life example of scarcity affecting the price.

So there you go supply, demand and pricing all at work in an Oligopoly.

If you even read my posts which I don't think you do I say in nearly everyone scarcity is not the be all and end all in this case but it is factor.

 

[Vegosiux]

Inability to think logicaly and transfer a proper response to different situations . Pathetic . For everything else , there's Mastercard .

Something makes me think that if you were on the other end of this pricing gap, you'd be singing an entirely different tune.