On 29/03/2020 14:30, NY wrote:
The one mistake we made in the UK, and I'm sure it's happened in other
countries as well, was not imposing limits (and having police to
enforce them) early enough on the number of items that could be
bought. Apparently some people have even been buying excessive amounts
with the specific intention of causing a shortage and then making
money by selling toilet rolls etc at greatly increased prices on eBay.

*The only way to stop people buying more than their "immediate" needs is
to charge premium prices. For example, the first item is charged at the
normal retail price; Second item is charged a premium of 20% so a £1,00
item would cost £1.20. 3rd item is charged a premium of another 20% but
on £1.20 so the price becomes: £1.44; 4th item carries another premium
of 20% on £1.44 so the price becomes: £1.73 and so on. The price is
increased at the compound rate of 20% each time. People would give up
or they could start queuing again for the normal price but the waiting
would make them think twice.* *Buying 4 items in the above example would
cost them: £5.37. Of course most prices these days cost more than £1.00
anyway so the premium price would become prohibitive.**
**
**Also, the discount for bulk buying should be stopped until the
production level becomes "normal".*







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