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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,...
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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 … insufficient demand -- Books and liquor: two case studies …
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In the present paper we examine the German cinema market using time series data of 49 years. Applying estimation … demand for movies per inhabitant. Furthermore, we test for the long run relationship and evaluate the elasticities of demand …
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