A recycled economy?
That is, if everyone shopped for X used on Craigslist, the cost of X would go up because of high demand and limited supply.
As it is, you can buy X cheap because most people are buying Y at retail instead and are just trying to get rid of X to make room.
With me so far?
Thing is... This is great for those of us who shop used... but by definition you can't build a society on these principles because they break once everyone starts doing them. Kant wouldn't approve.
Personally, I can leave that as "Oh, well; too bad for the others!" I suppose... but something doesn't seem "right" about the situation.
Are there any economic models or theories that address this?
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