[2118] in North American Network Operators' Group
Re: Allocation of IP Addresses
daemon@ATHENA.MIT.EDU (Perry E. Metzger)
Fri Mar 15 16:15:50 1996
To: Jim Browning <jfbb@atmnet.net>
cc: "'NANOG List'" <nanog@merit.edu>
In-reply-to: Your message of "Fri, 15 Mar 1996 12:43:54 PST."
<01BB126D.12A72620@jfbb.atmnet.net>
Reply-To: perry@piermont.com
Date: Fri, 15 Mar 1996 15:54:59 -0500
From: "Perry E. Metzger" <perry@piermont.com>
Jim Browning writes:
> DeBeers has controlled (or at least significantly influenced) the price of
> diamonds for decades, ensuring that they appreciate in value by controlling
> supply, and by buying diamonds on the wholesale market to keep the price up
> (similar to what countries do to protect their currencies). They could
> flood the market at any time, driving the price down dramatically. Of
> course this isn't in their best interest, so they won't do it. However
> Russia might, as they have stockpiled large quantities of diamonds, and may
> not have the same goal as DeBeers...
So in what way is this a demonstration of a monopoly able to
arbitrarily raise prices? What you've shown is that someone might be
able to arbitrarily drop prices...
.pm
