Why Popcorn Costs So Much at the Movies: And Other Pricing PuzzlesSpringer Science & Business Media, 17 апр. 2008 г. - Всего страниц: 326 • How Prices Matter rices are ubiquitous, so much so that their importance to the smooth operation of a market economy (even one constrained by extensive polit- P ical controls as is the case in China) can go unnoticed and unheralded. Prices are what all trades, whether at the local mall or across the globe, are built around. Tey facilitate trades among buyers and sellers who don’t know each other, meaning they make less costly, or more socially benefcial, the allocation and redistribution of the planet’s scarce resources. Indeed, as the late Friedrich Hayek is renowned for having observed, prices summarize a vast amount of - formation on the relative scarcity and, hence, the relative cost of resources (with much of the information subjective in nature) that can be known only by ind-i viduals scattered across markets and cannot be collected in centralized loc- tions, except through market-determined prices. 1 Because they summarize, and largely hide from view of buyers, so much i- formation spread among people throughout the world, prices can be puzzling. Why prices are what they are, and change for reasons that are obscured by a multitude of economic events that can extend backward in time and forward into the future, can be mysterious. Explaining many puzzling prices can be - tective work that the modern-day Sherlock Holmes would surely fnd challenging. |
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... buyers and sellers who don't know each other, meaning they make less costly, or more socially beneficial, the allocation and redistribution of the planet's scarce resources. Indeed, as the late Friedrich Hayek is renowned for having ...
... buyers and sellers who don't know each other, meaning they make less costly, or more socially beneficial, the allocation and redistribution of the planet's scarce resources. Indeed, as the late Friedrich Hayek is renowned for having ...
Стр.
... Buyers need not know the relative scarcities of myriad resources or the considerable intricacies of producing goods as simple as a pencil or as complex as a computer. The late journalist and market advocate Leonard Read penned a ...
... Buyers need not know the relative scarcities of myriad resources or the considerable intricacies of producing goods as simple as a pencil or as complex as a computer. The late journalist and market advocate Leonard Read penned a ...
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... buyers have to do is compare prices, along with the features, of alternative goods. Prices, in other words, economize on the knowledge buyers need to have to make tolerably informed purchases. Again, in Hayek's words, The most ...
... buyers have to do is compare prices, along with the features, of alternative goods. Prices, in other words, economize on the knowledge buyers need to have to make tolerably informed purchases. Again, in Hayek's words, The most ...
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... buyers who did not have warm and fuzzy feelings for the environment. They saw in the tax credit and HOV-lane privilege reductions in the effective price (dealer price minus tax and commute savings) of the hybrid. The tax credit that ...
... buyers who did not have warm and fuzzy feelings for the environment. They saw in the tax credit and HOV-lane privilege reductions in the effective price (dealer price minus tax and commute savings) of the hybrid. The tax credit that ...
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... buyers would have cars larger than the relatively small Prius and Civic that would be replaced in the HOV lanes. The impact of shifting to independent HOV-lane sticker sales on pollution is, again, problematic. If current Hummer owners ...
... buyers would have cars larger than the relatively small Prius and Civic that would be replaced in the HOV lanes. The impact of shifting to independent HOV-lane sticker sales on pollution is, again, problematic. If current Hummer owners ...
Содержание
Chapter 2 | |
Chapter 3 | |
Chapter 4 | |
Why So Many Coupons 101 | |
Coupons and Price Discrimination Coupons and PeakLoad Pricing Evidence | |
Chapter 7 | |
Chapter 8 | |
Chapter 9 | |
Chapter 11 | |
Chapter 12 | |
Chapter 13 | |
Bibliography 291 | |
Subject Index 319 | |
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