Difference between revisions of "Artificial scarcity"
Jump to navigation
Jump to search
(Added criticism section with quotes and reference.) |
(Reference added regarding Tech Dirt mention of artificial scarcity.) |
||
| Line 1: | Line 1: | ||
{{unreferenced|date=August 2013}} | {{unreferenced|date=August 2013}} | ||
| − | '''Artificial scarcity''' describes the [[scarcity]] of items even though the technology and [[Economic production|production]] capacity exists to create an abundance. The term is aptly applied to non-rival resources, i.e. those that do not diminish due to one person's use, although there are other resources which could be categorized as artificially scarce. The most common causes are [[monopoly]] pricing structures, such as those enabled by [[intellectual property]] rights or by high [[fixed costs]] in a particular marketplace. The inefficiency associated with artificial scarcity is formally known as a [[deadweight loss]]. | + | '''Artificial scarcity'''<ref>Tech Dirt describes "artificial scarcity" in an article published on 23rd Feb 2012, retrieved 30th August 2013: http://www.techdirt.com/blog/innovation/articles/20120116/22095317427/real-scarcity-is-important-part-business-model-artificial-scarcity-is-terrible-business-model.shtml - archived here: http://archive.is/xqBMz</ref> describes the [[scarcity]] of items even though the technology and [[Economic production|production]] capacity exists to create an abundance. The term is aptly applied to non-rival resources, i.e. those that do not diminish due to one person's use, although there are other resources which could be categorized as artificially scarce. The most common causes are [[monopoly]] pricing structures, such as those enabled by [[intellectual property]] rights or by high [[fixed costs]] in a particular marketplace. The inefficiency associated with artificial scarcity is formally known as a [[deadweight loss]]. |
== Criticism == | == Criticism == | ||
Revision as of 06:26, 30 August 2013
- ↑ Tech Dirt describes "artificial scarcity" in an article published on 23rd Feb 2012, retrieved 30th August 2013: http://www.techdirt.com/blog/innovation/articles/20120116/22095317427/real-scarcity-is-important-part-business-model-artificial-scarcity-is-terrible-business-model.shtml - archived here: http://archive.is/xqBMz
- ↑ Article via H+ Magazine retrieved 30th August 2013, http://hplusmagazine.com/2013/04/09/governments-money-capitalism-scarcity-and-stupidity/ - archived here: http://archive.is/i1mmG