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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... developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are ...
... developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are ...
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... developed.27 In essence, the infant-seat proposal to save infant lives is probably a proposal to sacrifice lives of relatively less wealthy people who make their trips by car to save fewer lives of relatively more wealthy people who ...
... developed.27 In essence, the infant-seat proposal to save infant lives is probably a proposal to sacrifice lives of relatively less wealthy people who make their trips by car to save fewer lives of relatively more wealthy people who ...
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... they fear that the TSA is not doing its job, which is catching wind of terrorists' plots to use planes as missiles. Clearly, the line of argument developed here speaks to one Price and the “Law of Unintended Consequences”
... they fear that the TSA is not doing its job, which is catching wind of terrorists' plots to use planes as missiles. Clearly, the line of argument developed here speaks to one Price and the “Law of Unintended Consequences”
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And Other Pricing Puzzles Richard B. McKenzie. Clearly, the line of argument developed here speaks to one policy ... develop their respective defensive and offensive strategies. Regrettably, TSA officials understand all too well that they ...
And Other Pricing Puzzles Richard B. McKenzie. Clearly, the line of argument developed here speaks to one policy ... develop their respective defensive and offensive strategies. Regrettably, TSA officials understand all too well that they ...
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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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