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6-01-2011 @ 8:30AM
It seems to me that the practice described in the article would result in a fairly steady supply of books at a fairly steady price.Flippers would even out the spikes and dips in supply and price by absorbing excess capacity in the AH and releasing products during lean times.While it is true that having flippers in the market means that there are more people snatching up the odd book that is posted at a low price and thus the chances of any particular individual getting to take advantage of the bargain is reduced, having flippers in the market also means that when supply gets low and prices would get excessive, the prices are dropped back to normal by flippers selling.It is stability in the markets (and life) that most people crave. Knowing what things will cost allows priorities to be weighed and resources budgeted without having to worry about fluxes in supply or cost.You may miss out on the odd bargain, but the more flippers there are in the market the more stable things will be and the easier it will be for you to go about your business without worrying that the supply will dry up just when you need it or that prices will spike just as you thought you had enough to buy what you needed.
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