Includes bibliographical references (pages 189-193) and index.
CONTENTS NOTE
Text of Note
Theory -- Markets and the tyranny of the majority -- Are "lumpy" markets a problem? -- Empirical evidence -- Who benefits whom in practice -- Who benefits whom in the neighborhood -- Preference minorities as citizens and consumers -- Market solutions and their limits -- Market enlargement and consumer liberation -- Fixed costs, product quality, and market size -- Trade and the tyranny of alien majorities -- Salvation through new technologies -- Policy solutions and their limits -- Government subsidies and insufficient demand -- Books and liquor: two case studies.
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SUMMARY OR ABSTRACT
Text of Note
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.
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
JSTOR
Stock Number
22573/ctt1348p2b
OTHER EDITION IN ANOTHER MEDIUM
Title
Tyranny of the market.
International Standard Book Number
9780674025813
TOPICAL NAME USED AS SUBJECT
Consumers' preferences.
Free enterprise.
Majorities.
Social choice.
Supply and demand.
Angebot
BUSINESS & ECONOMICS-- Commerce.
BUSINESS & ECONOMICS-- Marketing-- General.
BUSINESS & ECONOMICS-- Sales & Selling-- General.
Consumers' preferences.
Free enterprise.
Kollektiventscheidung
Kosten-effectiviteitsanalyse.
Majorities.
Markt.
Marktmechanisme.
Nachfrage
POLITICAL SCIENCE-- Public Policy-- Economic Policy.