What we have here is a failure to communicate.
Shortages are often – some would say always – the result of a market failure. Supply and demand are functions of both the physical availability of a good or service and the price deemed acceptable by both parties in the transaction. If the balancing mechanisms don’t exist, suppliers are left with unsold inventory and buyers do without.
Wireless bandwidth is a classic example. Who hasn’t tried to connect a smart phone and found no mobile carrier signal and only locked down WiFi?… More