tag:blogger.com,1999:blog-11148260.post113575273060365633..comments2023-09-06T08:56:14.610-04:00Comments on Eidelblog: Eliot Spitzer: New York's crazed King Kong, on a rampage againUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11148260.post-1135918200930417562005-12-29T23:50:00.000-05:002005-12-29T23:50:00.000-05:00The only "price-fixing" that works is what Wal-Mar...The only "price-fixing" that works is what Wal-Mart (and a few other retailers) practices: Wal-Mart's buyers tell thier vendors the price they will pay per-unit for a given product. The vendor can take it or leave it. Wal-Mart's vendors sell at its <I>buying price</I> because a standard order for Wal-Mart is in the 100,000's or millions! The above came from my memory of a 60 Minutes episode on Wal-Mart business practices a few years ago, but I can't find a link for it.<BR/><BR/>Notice: in the above price setting model, there is no coercion, W-M can't force a vendor to sell, the vendors can't force W-M to buy. This method was cited as one of the ways W-M keeps prices down. It has been criticized for "forcing" manufacturers to move production overseas to meet the buying price, but out-sourcing is a whole other blog topic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11148260.post-1135830346405752822005-12-28T23:25:00.000-05:002005-12-28T23:25:00.000-05:00Spot on, guys. It's really, really hard to suppres...Spot on, guys. It's really, really hard to suppress free market forces. By themselves, businesses just can't hold monopolies. Sustaining true monopolies takes force -- government force, backed by police, courts that fine and break up companies, and jails.Perry Eidelbushttps://www.blogger.com/profile/09707615907666584863noreply@blogger.comtag:blogger.com,1999:blog-11148260.post-1135805415745243542005-12-28T16:30:00.000-05:002005-12-28T16:30:00.000-05:00I've never understood why 'pay for play' is not al...I've never understood why 'pay for play' is not allowed. If I am the CEO of Acme and want to sell my new widget then I might consider advertising on the radio. But if Acme is a music company and the new widget is a certain band then I cannot offer the radio station money to play the new song? That makes no sense. If people think it is a crappy band then they won't buy the music. If they really think it is a crappy band then they'll change the station. So where exactly is the problem here?TKChttps://www.blogger.com/profile/00034651417671564654noreply@blogger.com