William Sjostrom:
>This says people behave differently because they have different tastes.
This isn't helpful unless you have some way to observe and explain
differences in tastes.
To an economist, if you say so, it may be unhelpful. For a mere
businessman, it is vital information. Every busin
William Sjostrom
>Not at all obvious. Two goods, A and B, with marginal cost CA and CB,
Within what may be a narrow range, the approximate marginal cost of two
goods may actually be knowable by an experienced person of good
judgment.
>and independent marginal value VA and VB
Neither we nor the
John Perich wrote:
"Why do you assume the cost of bathroom maintenance
isn't already included in the price charged?"
I hadn't thought about it. I guess I had assumed,
perhaps incorrectly, that bathroom maintenance costs
would be idependent of the prices charged for goods at
the establishment.
> Plausible, but then the question is: *why* do people have a disutility
> of paying for toilets? Does this fit into any pattern of the sorts
> of things people have a disutility of paying for?
As noted earlier, people did pay for toilets before and it is common in
Europe. So it seems we are tr
> There has been some work on whether or not "boycotts" actually change
> corporate behavior; the absense of pay toilets might be an example
> where the market is telling firms to abide by the sensibilities of the
> public. The presence of pay toilets in other countries may just
> indicate that o
a small point:
I would like to ask why only americans, in Robert Book`s message. We have
evidence of it in Madrid and Holland. It`s not only to know if part of
America`s people has a disutility. That is: if we assume only americans have
this (assume that the data reveal it), other question would
> This is an example of 'bundling' goods. It pays to offer some good for
> 'free' to entice the purchase of others.
>
> Tim James.
Not at all obvious. Two goods, A and B, with marginal cost CA and CB, and
independent marginal value VA and VB, with VA>CA and VB>CB. A buyer will
pay VA+VB for th
Robert Book wrote:
>I think we are leaving something out here. Many people, or at least
>many Americans, seem highly offended at the notion of having to pay to
>use a toilet. ... such people have a strong disutility
>associated with paying for the toilet, to the point that they are
>willing to p
--- John Perich <[EMAIL PROTECTED]> wrote:
> why do some public restrooms in restaurants / bookstores require
> either coins OR free tokens to use?
There are 2 sets of users: customers and free-riding non-customers.
It seems the intent is for customers to get tokens and non-customers to pay,
so
>From: "Technotranscendence" <[EMAIL PROTECTED]>
>
>On Tuesday, May 28, 2002 12:25 AM John Perich [EMAIL PROTECTED]
>wrote:
> > But it's just
>awkward to
> > state it the right way. :) )
QED:
>Wouldn't it be more accurate to say that an entrepreneur must find a
>price above cost in order to mak
On Tuesday, May 28, 2002 12:25 AM John Perich [EMAIL PROTECTED]
wrote:
> (Yes, I know, the Austrians on the list would kill me for assuming
cost
> dictates price, rather than the other way around. But it's just
awkward to
> state it the right way. :) )
Wouldn't it be more accurate to say that a
>(Yes, I know, the Austrians on the list would kill me for assuming cost
dictates price, rather than the other way around. But it's just awkward
to state it the right way. :) )<
This Austrian has no difficulty with that way of putting it _in the
context of this discussion_. What we are talking
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