It happens. The issue on Brad's blog was the importance of markets, exchange, price and money to society.
There is a hypothesis that remains unconsidered among economists, the idea that we use less price discrimination when we shop, and more queue avoidance. In plain English, if the lines are too long at the store, I change my shopping strategy before the price equilibrium occurs.
It is a real possibility, anybody know an economists who has considered it?
No comments:
Post a Comment