The Tyranny of the Market: Why You Can't Always Get What You Want

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9780674025813: The Tyranny of the Market: Why You Can't Always Get What You Want
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Joel Waldfogel takes up the mythology of the market responding to our wants and desires, and shows how it often leaves out many people who are unable to get very much of what they want...This book could be very persuasive to those who will not listen to voices that have an explicitly progressive agenda. Tikkun 20071101

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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.

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Joel Waldfogel
Editorial: HARVARD UNIVERSITY PRESS, United States (2007)
ISBN 10: 0674025814 ISBN 13: 9780674025813
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Descripción HARVARD UNIVERSITY PRESS, United States, 2007. Hardback. Estado de conservación: New. 212 x 142 mm. Language: English . Brand New Book. 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. Nº de ref. de la librería AAH9780674025813

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Waldfogel, Joel
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ISBN 10: 0674025814 ISBN 13: 9780674025813
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Descripción Harvard Univ Press. Estado de conservación: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Nº de ref. de la librería 2366030

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Joel Waldfogel
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Descripción 2007. Hardcover. Estado de conservación: New. 153mm x 19mm x 212mm. Hardcover. 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 th.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 204 pages. 0.372. Nº de ref. de la librería 9780674025813

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Joel Waldfogel
Editorial: HARVARD UNIVERSITY PRESS, United States (2007)
ISBN 10: 0674025814 ISBN 13: 9780674025813
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Descripción HARVARD UNIVERSITY PRESS, United States, 2007. Hardback. Estado de conservación: New. 212 x 142 mm. Language: English . Brand New Book. 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. Nº de ref. de la librería AAH9780674025813

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Joel Waldfogel
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Descripción Harvard Univ Pr, 2007. HRD. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería TH-9780674025813

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Descripción 2007. Hardback. Estado de conservación: NEW. 9780674025813 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Nº de ref. de la librería HTANDREE0954711

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Joel Waldfogel
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Descripción Harvard University Press, 2007. HRD. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería WH-9780674025813

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Waldfogel, Joel
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Descripción Harvard University Press, 2007. Hardcover. Estado de conservación: New. book. Nº de ref. de la librería 0674025814

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Joel Waldfogel
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Descripción Harvard University Press, 2007. Hardcover. Estado de conservación: New. First Edition. Nº de ref. de la librería DADAX0674025814

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