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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... means so much production and consumption-relevant knowledge cannot be known to outsiders, no matter how hard they ... mean given to a single mind which deliberately solves the problem set by these “data.” It is rather a problem of how to ...
... means so much production and consumption-relevant knowledge cannot be known to outsiders, no matter how hard they ... mean given to a single mind which deliberately solves the problem set by these “data.” It is rather a problem of how to ...
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... means that there were approximately one-quarter more automobile deaths of very young children in 1988 alone than there were total deaths of children and adults on scheduled airlines during the entire 1980–1988 period.22 According to the ...
... means that there were approximately one-quarter more automobile deaths of very young children in 1988 alone than there were total deaths of children and adults on scheduled airlines during the entire 1980–1988 period.22 According to the ...
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... means of transportation. They just happened to be in the wrong place at the wrong time on the nation's roads, made marginally more congested by an airline infant safety-seat requirement. There is one good rule that comes out of this ...
... means of transportation. They just happened to be in the wrong place at the wrong time on the nation's roads, made marginally more congested by an airline infant safety-seat requirement. There is one good rule that comes out of this ...
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... means that the Transportation Security Administration (TSA) should be ever mindful of the prospects of unintended consequences, the most notable of which is that raising the security alert from, say, yellow to orange can spell greater ...
... means that the Transportation Security Administration (TSA) should be ever mindful of the prospects of unintended consequences, the most notable of which is that raising the security alert from, say, yellow to orange can spell greater ...
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... means that they do not get enough calories on a daily basis to remain healthy, many of whom continually face ... mean malnutrition and hunger. Some of them will tumble over the edge of subsistence into outright starvation, and many more ...
... means that they do not get enough calories on a daily basis to remain healthy, many of whom continually face ... mean malnutrition and hunger. Some of them will tumble over the edge of subsistence into outright starvation, and many more ...
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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