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Apple Education Pricing or No
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Mac Elite
Join Date: Sep 2002
Location: Washington
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I'm conducting this poll to see how many prospective buyers on this Classifieds Forum are eligable for Apple Education Discount. This is not only for my interest but also the interest of prospective sellers of previous or even current generation Apple hardware.
The assumption is, if a person is eligable for education pricing, then that will be their reservation pricing. Now suppose a person has a practically new TiBook or something for sale and discounts it by $100, however the education pricing is discounted $200. Of course the buyer will buy from Apple against the private party. The market ergo demand the seller is faced with is smaller in light of this and if they really want to sell the laptop (for instance), they should deepen their discount to broaden their audience and therefore demand.
If half the people browsing these forums are eligable for education pricing, I want to know that so I know where to set my pricing for the optimal tradeoff between the time it takes to sell and the price I recieve for my item. If I assume that noone surfing the forum is eligable, of course I'll set my asking price higher. If this is not the case, then I might never sell the item because it is priced higher than demand will allow.
Eh?
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Bump to make sure this gets the consideration it needs.
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i think you are approaching this the wrong way per se...
there is no way you could collect the data you wish to obtain..
even if you did, I think it would be of limited use...
do like others, post a price, see if there are any takers....if not lower your price and go from there...
simply simple...
lates...
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Mac Elite
Join Date: Sep 2002
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Originally posted by shabbasuraj:
i think you are approaching this the wrong way per se...
there is no way you could collect the data you wish to obtain..
even if you did, I think it would be of limited use...
do like others, post a price, see if there are any takers....if not lower your price and go from there...
simply simple...
lates...
I don't think so. I'm an economic student and I'm pretty sure my logic is sound. The more you know about your market the better. The assumption I'm making is people want to sell something for the highest value they can in the shortest time possible. If you over price something, you won't sell it quickly or at all. As my poll indicates, about 90% of the people who browse this forum are eligible for Apple's education pricing. When setting a price point, you not only consider the amount YOU origionally paid for your piece of hardware, but also the price your competition is offering. And in this case it appears you are competing with Apple's education pricing, not Apple's full retail pricing. Good stuff to know.
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Forum Regular
Join Date: Mar 2003
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Zimmerman Im an econ student too. And your wrong about that. In this forum you can practice perfect price discrimination as you can sell at the highest price any one person is willing to pay. So what counts is what the highest amount someone is willing to pay is. That lower 90% doesnt count for anything unless you are selling a large amount. Best bet is to start high and work your way down through your market to capture the most surplus. If you still disagree Id be willing you show you charts and graphs to prove my point.
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Forum Regular
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I just seen your from washington. Please dont tell me thats DC and you work in goverment. You sound like our local goverment people here who just dont have a clue.  no offense
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Mac Elite
Join Date: Aug 2003
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Originally posted by Zimmerman:
I don't think so. I'm an economic student and I'm pretty sure my logic is sound. The more you know about your market the better. The assumption I'm making is people want to sell something for the highest value they can in the shortest time possible. If you over price something, you won't sell it quickly or at all. As my poll indicates, about 90% of the people who browse this forum are eligible for Apple's education pricing. When setting a price point, you not only consider the amount YOU origionally paid for your piece of hardware, but also the price your competition is offering. And in this case it appears you are competing with Apple's education pricing, not Apple's full retail pricing. Good stuff to know.
sure it is good stuff to know...
but there is no way to accurately quantify the data you collect...
sure '90%' shows something... but what does it show you exactly? nothing... you have no control over who is telling the truth here...
you have no control over the sampling range...you have no control over who views your post...
economics student or not, your built-in assumptions can no way act as a verifiable control for the data you intend on collecting...especially in regards to the sample size, and the sample period...
your assumptions are as follows...
everyone is telling the truth
everyone who visits the forum will take part in your poll
everyone who visits these forums are in fact members of MacNN (I am sure many visitors view this foorum...and these visitors are not registered users...)
i.e. sure a lot of students may visit this site on any given day, and on any other day no students may visit this site or forum or even see your post in the first place...
using these assumptions there is no way the data you collect from an 'internet poll' is even remotely close to being a true accurate statistical experiment...
so in the end...you are better off doing what others above have mentioned...name a price and go from there...
not trying to be an a$$ but I think you are overthinking this thing...what exactly are you trying to sell anyways???
lates...
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Forum Regular
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lol umm one more thing Zimmerman, look up Dutch Auction in one of your econ books might be useful for this situation
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Mac Elite
Join Date: Sep 2002
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Hmm. It looks like I've gone and made a fool of myslef.
I realize what I did wrong; I took a very qualified model and applied it to reality. Too many assumptions and constraints; each one must be relaxed and compared to the imperical evidence. Once once all my assumptions are relaxed and the model still holds can it be considered an illustration of reality.
My bad. Well, I guess thats why I have a lot of credit hours left to go. 
Something I realized not too long ago about economics; you can have taken a whole slew of classes (21 semester credits worth), but still not be able to correctly analyze a situation. 
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no biggie..
that is why you are in school...
just like me...(in grad school)...
just post your item w/price, and hope for the best...
no more, no less...
goodluck...
lates...
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Forum Regular
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lol thats the fun thing about econ. Always something new. So what were you selling anyways
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