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| asmi:
--- Quote from: MK14 on August 11, 2023, 03:27:56 pm ---My impression, with other (usually physically for sale items) has been that although there are regional price variations between different countries. The price doesn't really change that much (as a percentage), especially when you take what features are included with the item(s), e.g. a car. But these price variations, seem extremely wild to me. A ball-park peek 1,000% variation between some countries and the UK. --- End quote --- That's been like that forever. Most Steam games have regional pricing, which varies quite extensively between countries. Perhaps the most famous example of it is a "Big Mac Index". Another case is airplane tickets, where you can have two people sitting next to each other, who paid wildly different fares. The basic premise is the same - each business tries to sell a product or service for the highest price a customer will pay. |
| MK14:
--- Quote from: asmi on August 11, 2023, 03:43:34 pm ---That's been like that forever. Most Steam games have regional pricing, which varies quite extensively between countries. Perhaps the most famous example of it is a "Big Mac Index". Another case is airplane tickets, where you can have two people sitting next to each other, who paid wildly different fares. The basic premise is the same - each business tries to sell a product or service for the highest price a customer will pay. --- End quote --- That is true. Even within the UK, there can be quite a lot of price variation, for the same thing, in some, fairly rare circumstances. E.g. Let's say someone is selling their car, privately. In a well off (rich) part of the UK and/or where that particular car is regionally popular, it is rumoured that you can get a bit more for the car, compared to some of the less well-off areas and/or where that car is less popular. If someone goes to a very expensive part of London, it can cost quite a bit, for a restaurant meal. But if you go to a much cheaper area (different part of UK), it can cost a lot less, for what is in principal identical meals. On the one hand, I have to agree with you. But on the other, it just seems so unfair. --- Quote from: langwadt link=topic=388282.msg5006404#msg5006404 --- you can also look at it as the rich consumer subsidizing the poorer consumer --- End quote --- I have mixed feelings on that. In some ways, it is sort of fair (people paying what they can afford), but also somewhat unfair, at the same time. |
| vad:
--- Quote from: MK14 on August 11, 2023, 03:27:56 pm --- --- Quote from: Kim Christensen on August 11, 2023, 03:15:00 pm --- --- Quote from: MK14 on August 11, 2023, 02:57:14 pm ---But I can understand, why they would want to vary the price levels, depending on the 'value' (how rich) particular countries are (or not). --- End quote --- It's a typical pricing strategy. Production costs put a floor under the price, but the consumer's ability and willingness to pay defines the upper bound. --- End quote --- My impression, with other (usually physically for sale items) has been that although there are regional price variations between different countries. The price doesn't really change that much (as a percentage), especially when you take what features are included with the item(s), e.g. a car. --- End quote --- That depends. The same physical goods that I know cost $25 Aussie dollars in Australia, 50 SGD in Singapore, and $190 in the US. I am talking about a prescription medication. In Australia and Singapore, those are prices for the original brand. The US price is for the generic version. I assume the Australian price could be subsidized by taxpayers, but in Singapore they do not do that. Singapore has a GDP per capita higher than that of the US and Australia. |
| langwadt:
--- Quote from: MK14 on August 11, 2023, 03:56:27 pm --- --- Quote from: asmi on August 11, 2023, 03:43:34 pm ---That's been like that forever. Most Steam games have regional pricing, which varies quite extensively between countries. Perhaps the most famous example of it is a "Big Mac Index". Another case is airplane tickets, where you can have two people sitting next to each other, who paid wildly different fares. The basic premise is the same - each business tries to sell a product or service for the highest price a customer will pay. --- End quote --- That is true. Even within the UK, there can be quite a lot of price variation, for the same thing, in some, fairly rare circumstances. E.g. Let's say someone is selling their car, privately. In a well off (rich) part of the UK and/or where that particular car is regionally popular, it is rumoured that you can get a bit more for the car, compared to some of the less well-off areas and/or where that car is less popular. If someone goes to a very expensive part of London, it can cost quite a bit, for a restaurant meal. But if you go to a much cheaper area (different part of UK), it can cost a lot less, for what is in principal identical meals. --- End quote --- The restaurant's rent and cost of labor is probably quite different too .. --- Quote from: MK14 on August 11, 2023, 03:56:27 pm --- On the one hand, I have to agree with you. But on the other, it just seems so unfair. --- Quote from: langwadt link=topic=388282.msg5006404#msg5006404 --- you can also look at it as the rich consumer subsidizing the poorer consumer --- End quote --- I have mixed feelings on that. In some ways, it is sort of fair (people paying what they can afford), but also somewhat unfair, at the same time. --- End quote --- ignore the amount of money and see it as how minutes/hours someone has to work to pay that amount |
| MK14:
--- Quote from: vad on August 11, 2023, 04:19:51 pm ---That depends. The same physical goods that I know cost $25 Aussie dollars in Australia, 50 SGD in Singapore, and $190 in the US. I am talking about a prescription medication. In Australia and Singapore, those are prices for the original brand. The US price is for the generic version. I assume the Australian price could be subsidized by taxpayers, but in Singapore they do not do that. Singapore has a GDP per capita higher than that of the US and Australia. --- End quote --- Yes, that does sound a lot like, some business(s) are ripping people off in some countries. It makes me feel that the governments, of those (apparently extortionately priced countries), should do a lot more, to fix the situation. YouTube could theoretically, in the future, make a bigger and more forceful push, into getting users to join the paid Premium Service. E.g. Limiting free access, to just a few videos, per IP address, per day or week, and stuff like that. |
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