If chip manufacturing is "inefficient" everything is. It's the model of efficiency. Actually strong enough to produce secular deflation.
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Replying to @Outsideness
Earlier you argued it outpaces consumer expectations and can't priced rationally. So sure, why not. Moore's is the inefficient version.
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Replying to @Alrenous
"Can't be priced rationally" is your gloss on the phenomenon. "Can't be priced optimally without deliberate product-hobbling" is 'mine' ...
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Replying to @Outsideness @Alrenous
... which is to say the industry's (ICT, and now it seems electric cars). ...
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Replying to @Outsideness @Alrenous
... Based on practical hypothesis that, in the short-term, technological improvement can out-run market absorption capacity. ...
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Replying to @Outsideness @Alrenous
... That doesn't seem like a particularly wild theory. I can imagine far more pessimistic local models of techno-commercial interaction ...
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Replying to @Outsideness @Alrenous
... which still wouldn't come close to denting a broad confidence in efficient markets (compared to any realistic alternative).
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Replying to @Outsideness
Not arguing that markets are inefficient. I'm arguing that chip fab marketing is, ironically, not a market, using inefficiency as evidence.
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Replying to @Alrenous @Outsideness
I've tried numerous permutations on the pricing, compared to various demand and cost curves. I don't see any way to have the math work out.
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Replying to @Alrenous
Still failing to see the problem. It's just market segmentation through product differentiation. The only oddity ...
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... is that in this case the most industrially-efficient path to the low-end product lies in crippling a high-end product.
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