0
Your cart

Your cart is empty

Books > Business & Economics > Economics > Microeconomics > Domestic trade

Buy Now

The Tyranny of the Market - Why You Can't Always Get What You Want (Hardcover) Loot Price: R1,629
Discovery Miles 16 290
The Tyranny of the Market - Why You Can't Always Get What You Want (Hardcover): Joel Waldfogel

The Tyranny of the Market - Why You Can't Always Get What You Want (Hardcover)

Joel Waldfogel

 (sign in to rate)
Loot Price R1,629 Discovery Miles 16 290 | Repayment Terms: R153 pm x 12*

Bookmark and Share

Expected to ship within 10 - 15 working days

Economists have long counseled reliance on markets rather than on government to decide a wide range of questions, in part because allocation through voting can give rise to a "tyranny of the majority." Markets, by contrast, are believed to make products available to suit any individual, regardless of what others want. But the argument is not generally correct. In markets, you can't always get what you want. This book explores why this is so and its consequences for consumers with atypical preferences.

When fixed costs are substantial, markets provide only products desired by large concentrations of people. As a result, people are better off in their capacity as consumers when more fellow consumers share their product preferences. Small groups of consumers with less prevalent tastes, such as blacks, Hispanics, people with rare diseases, and people living in remote areas, find less satisfaction in markets. In some cases, an actual tyranny of the majority occurs in product markets. A single product can suit one group or another. If one group is larger, the product is targeted to the larger group, making them better off and others worse off.

The book illustrates these phenomena with evidence from a variety of industries such as restaurants, air travel, pharmaceuticals, and the media, including radio broadcasting, newspapers, television, bookstores, libraries, and the Internet.

General

Imprint: Harvard University Press
Country of origin: United States
Release date: September 2007
First published: 2007
Authors: Joel Waldfogel
Dimensions: 210 x 140 x 19mm (L x W x T)
Format: Hardcover - Cloth over boards / With printed dust jacket
Pages: 216
ISBN-13: 978-0-674-02581-3
Categories: Books > Business & Economics > Economics > Microeconomics > Domestic trade
Promotions
LSN: 0-674-02581-4
Barcode: 9780674025813

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

Supplement to an Analysis of the…
Peter Auber Paperback R488 Discovery Miles 4 880
Discorsi Parlamentari Di Marco Minghetti…
Marco Minghetti Paperback R900 Discovery Miles 9 000
E-Commerce - A Southern African…
K. Chipp, Z. Ismail Paperback R804 Discovery Miles 8 040
The Applied Theory of Accounts
Paul-Joseph Esquerr e Hardcover R1,110 Discovery Miles 11 100
Recent Improvements in the Art of…
American Helio-Telegraph and Signal L Hardcover R893 Discovery Miles 8 930
Department Store Merchandise Manuals
Beulah Elfreth Kennard Hardcover R864 Discovery Miles 8 640
Ancient Double-entry Bookkeeping - Lucas…
Luca Pacioli, Domenico Manzoni, … Hardcover R865 Discovery Miles 8 650
Real Estate Advertising
Ward C. [From Old Catalog] Gifford Hardcover R899 Discovery Miles 8 990
Book of Bargains - for the Month of…
Montgomery Ward Hardcover R715 Discovery Miles 7 150
A Peep Inside
Montgomery Ward Hardcover R794 Discovery Miles 7 940
Holiday Specialties - Jewelry, Watches…
American Consumers' Alliance (Chicago Hardcover R818 Discovery Miles 8 180
Chicago, Her Commerce and Railroads…
Anonymous Hardcover R715 Discovery Miles 7 150

See more

Partners