Jardan

The Tyranny of the Market: Why You Can’t Always Get What You Wan

Description: 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 cant 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.

Price: 48.94 USD

Location: Pacific Grove, California

End Time: 2024-11-30T19:49:29.000Z

Shipping Cost: 5.63 USD

Product Images

The Tyranny of the Market: Why You Can’t Always Get What You Wan

Item Specifics

Return shipping will be paid by: Buyer

All returns accepted: Returns Accepted

Item must be returned within: 30 Days

Refund will be given as: Money Back

Return policy details:

price: 48.92

yearPublished: 2007

Author: Waldfogel, Joel

Book Title: The Tyranny of the Market: Why You Can’t Always Get What You Wan

Language: English

Format: Hardcover

Recommended

The Tyranny of Flies
The Tyranny of Flies

$7.49

View Details
The Tyranny Of Talin
The Tyranny Of Talin

$12.07

View Details
Julian Casablancas + The Voidz - Tyranny Vinyl Double LP
Julian Casablancas + The Voidz - Tyranny Vinyl Double LP

$200.00

View Details
The Tyranny of Big Tech - Hardcover By Hawley, Josh - GOOD
The Tyranny of Big Tech - Hardcover By Hawley, Josh - GOOD

$4.19

View Details
On Tyranny: Twenty Lessons from the Twentieth Century by Timothy Snyder: Used
On Tyranny: Twenty Lessons from the Twentieth Century by Timothy Snyder: Used

$7.85

View Details
The Tyranny of the Night: Book One of the Instrumentalities of the Night
The Tyranny of the Night: Book One of the Instrumentalities of the Night

$4.99

View Details
The Tyranny of Liberalism: Understanding and Overcoming Administered - VERY GOOD
The Tyranny of Liberalism: Understanding and Overcoming Administered - VERY GOOD

$6.57

View Details
The Tyranny of Big Tech, , Very Good Book
The Tyranny of Big Tech, , Very Good Book

$10.78

View Details
The Tyranny of the Night: Book One of the Instrumentalities - ACCEPTABLE
The Tyranny of the Night: Book One of the Instrumentalities - ACCEPTABLE

$4.36

View Details
On Tyranny: Twenty Lessons from the Twentieth Century - Paperback Snyder, Ti...
On Tyranny: Twenty Lessons from the Twentieth Century - Paperback Snyder, Ti...

$6.09

View Details