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By communists, I imagine

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Maybe, but I saw it used as a technical term in IO papers. It's basically where products are made hard to understand as a way of increasing producer surplus, and how competition doesn't necessarily prevent that.

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I think this is more like coupons than obfuscation, but there’s a bit of both in play.

In a world of men who are overconfident in their aptitudes on average, I suspect this sort of arrangement is resilient to competition.

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yup, consumer inattention (like in the Levine pieces). An area where the leftists are accidentally correct?!

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