nanog mailing list archives

Re: Allocation of IP Addresses


From: "Perry E. Metzger" <perry () piermont com>
Date: Fri, 15 Mar 1996 15:54:59 -0500


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


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