Jul

6

Econ 101: price discovery has a cost.

Buy Low, Sell Prime

Sam Cohen's business works like this: He walks into a big retail store and buys a bunch of stuff. Then he sells it on Amazon for more.

This is a multimillion-dollar business for Sam — and for lots of other people who do the same thing.

How is this even a job, much less an industry?

anonymous writes: 

Pricegrabber and other broad product aggregators make price comparisons a near effortless task.


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  1. Jim on July 6, 2015 3:48 pm

    Amazon remains king in spite of not having the lowest prices, because of availability and convenience. The analogue to financial markets would be, of course, liquidity. This guy’s a classic market maker.

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