Idiot tax and IQ subsidy

[birdwatcher]

Alex Tabarrok -- My best guess is that [HDMI cable pricing] is an unusually strong version of the hidden fee model of Laibson and Gabaix. In that model, firms overprice one aspect of service--such as a hotel charging exorbitant rates for telephone service--as an idiot tax. Crucially, the idiot tax is matched by an IQ-subsidy; the price of the hotel room is lower than it would be without the idiot tax--so the idiots don't know to shop elsewhere and the high-IQ types are, in fact, drawn to stores with an idiot tax. Thus, buy your blu-ray player at places such as Best Buy which sell a lot of expensive cable as well as massively overpriced extended warranties.

См. закон о кредитных карточках бгггггг.