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 History: The Roots of Chinas Crisis (Peng - VERY GOOD
The Tyranny of History: The Roots of Chinas Crisis (Peng - VERY GOOD

$4.39

View Details
The Tyranny Of The Night
The Tyranny Of The Night

$18.54

View Details
The Tyranny of Testing by Banesh Hoffmann (2003, Trade Paperback)
The Tyranny of Testing by Banesh Hoffmann (2003, Trade Paperback)

$5.00

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

$200.00

View Details
Rediscovering Americanism: And the Tyranny - Mark R Levin, 1476773084, hardcover
Rediscovering Americanism: And the Tyranny - Mark R Levin, 1476773084, hardcover

$3.89

View Details
The Tyranny of Dead Ideas: Revolutionary Thinking for a New Age of Prosperity by
The Tyranny of Dead Ideas: Revolutionary Thinking for a New Age of Prosperity by

$3.81

View Details
The Tyranny of Gun Control Hardcover
The Tyranny of Gun Control Hardcover

$6.04

View Details
The Tyranny of the Night (Paperback or Softback)
The Tyranny of the Night (Paperback or Softback)

$18.48

View Details
The Tyranny of the Night (Instrumentalities of the Night) - VERY GOOD
The Tyranny of the Night (Instrumentalities of the Night) - VERY GOOD

$4.94

View Details
The Tyranny of Faith (Empire of the Wolf, 2), Swan, Richard, 9780316361781
The Tyranny of Faith (Empire of the Wolf, 2), Swan, Richard, 9780316361781

$13.98

View Details