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Persistent link: https://www.econbiz.de/10001424536
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 …
Persistent link: https://www.econbiz.de/10003403361
Persistent link: https://www.econbiz.de/10001820457
satisfaction grow in market size. We document this phenomenon across 246 US radio markets. By a mechanism that we term 'preference … externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … possibly reduced) by the size of the white population. Consequently, small groups receive less variety from the market. Forces …
Persistent link: https://www.econbiz.de/10012471394
satisfaction grow in market size. We document this phenomenon across 246 US radio markets. By a mechanism that we term 'preference … externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … possibly reduced) by the size of the white population. Consequently, small groups receive less variety from the market. Forces …
Persistent link: https://www.econbiz.de/10013240531
consume, will grow in market size. I document this phenomenon across 247 U.S. radio markets. By a mechanism that I term … "preference externalities," an increase in the size of the market brings forth additional products valued by others with similar …
Persistent link: https://www.econbiz.de/10014076046
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,...
Persistent link: https://www.econbiz.de/10014488064
in the Neighborhood -- Part Three: Market Solutions and Their Limits -- 6. Market Enlargement and Consumer Liberation … -- 7. Fixed Costs, Product Quality, and Market Size -- 8. Trade and the Tyranny of Alien Majorities -- 9. Salvation through …
Persistent link: https://www.econbiz.de/10012680071