Of all the social sciences, economics is perhaps the coldest and most unfeeling. If you need any proof, look no further than the outrageous mark-ups some sellers are already attaching to the only-just revealed Super NES Classic.
Econ 101 teaches us that when supply is vastly out-paced by demand, prices will rise, something that already played out with the NES Classic. Scalpers famously grabbed up as many as they could, choking off any readily available supply, and Nintendo itself only churned out a finite number, increasing the disparity even further. The result? NES Classics still sell for twice or more the manufacturer's suggested retail price.
As you can see from the slides, scalpers, or rather "resellers" are expecting similar supply and demand imbalances with the SNES Classic. We're hoping Nintendo learns from its mistakes with the NES Classic, but there's also the problem of unconstrained orders from online retailers. People used automated bots to order multiple units, causing headaches for anyone on the level and sometimes crashing retailer websites.
This is a syndicated post. Read the original at IGN Video Games 2017-06-27.