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

Tyranny of the Urgent! - Pamphlet By Hummel, Charles E. - GOOD
Tyranny of the Urgent! - Pamphlet By Hummel, Charles E. - GOOD

$4.36

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: Book One of the Instrumentalities of the Night by Coo
The Tyranny of the Night: Book One of the Instrumentalities of the Night by Coo

$3.79

View Details
Tyranny of Dragons (D&D Adventure Book combines Hoard of the Dragon Queen + The
Tyranny of Dragons (D&D Adventure Book combines Hoard of the Dragon Queen + The

$18.66

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 Oil: The World's Most Powerful Industry--and What We Must Do to
The Tyranny of Oil: The World's Most Powerful Industry--and What We Must Do to

$3.99

View Details
The Tyranny of Dead Ideas: Revolutionary Thinking for a New Age o - VERY GOOD
The Tyranny of Dead Ideas: Revolutionary Thinking for a New Age o - VERY GOOD

$3.84

View Details
The Rise of Tyranny - Hardcover By Jonathan W Emord - GOOD
The Rise of Tyranny - Hardcover By Jonathan W Emord - GOOD

$6.06

View Details
The Tyranny of Good Intentions: How Prosecutors and Law Enforcement Are T - GOOD
The Tyranny of Good Intentions: How Prosecutors and Law Enforcement Are T - GOOD

$3.80

View Details
Futurehype: The Tyranny of Prophecy by
Futurehype: The Tyranny of Prophecy by

$4.16

View Details