tag:blogger.com,1999:blog-20142791.post5798472886569044195..comments2024-03-11T07:41:19.149-04:00Comments on The Perfect Substitute: The Economics of Volcano ClimbingUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-20142791.post-81767248094871726522009-04-17T10:30:00.000-04:002009-04-17T10:30:00.000-04:00I'd agree, but does he have a lot of repeat busine...I'd agree, but does he have a lot of repeat business? How do I know if he commits to 50 for the next 5 weeks, or if he only gave that price to me? If he gave me a break at 40, does that affect the perception of the next transaction? Presumably, each transaction is informationally isolated from the last.<br /><br />Perhaps he and his fellow mulemen stick at 50; granted, the incentive is to shirk, but perhaps there's some sort of ostracism that emerges if someone deviates from the group agreed price.Matt E. Ryanhttps://www.blogger.com/profile/00290146649328322694noreply@blogger.comtag:blogger.com,1999:blog-20142791.post-52289491240433138662009-04-17T08:15:00.000-04:002009-04-17T08:15:00.000-04:00It must be important for his business model that h...It must be important for his business model that he credibly commits to a price. It reminds me a lot of how the retail price of John Madden football never changes until the newest version is released.Justin M Rosshttps://www.blogger.com/profile/06990658017459237627noreply@blogger.com