Why are VALORANT Skins so Damn Expensive?

In this video, we delve into the economics behind VALORANT skins and explore why players are willing to shell out big bucks for in-game cosmetics. Discover the seven key variables that influence the pricing of skins, including consumer tastes, time scarcity, consumer expectations, and more. From the allure of unique designs to the limited-time availability, find out how these factors contribute to the high price tags attached to VALORANT skins. Join us as we dissect the economics of the skin market and uncover the secrets behind their hefty costs. Don't miss out on this insightful analysis!

Dittozkul's video on rising skin prices:    • Riot is SECRETLY Increasing Skin Prices.  

0:00 Intro
2:34 Overview
3:00 Consumer Tastes & Preferences
4:30 Time Scarcity
6:21 Consumer Expectations
6:49 Function of Money
7:52 Radianite Rant
8:04 Product Quality (Consumer preference)
9:50 Opportunity Cost
10:45 Input Costs
11:12 Skinflation
11:41 So ARE skins overpriced?
12:27 DON'T subscribe