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If they have lost their job, they try to spend as little money as possible. Americans are also buying more big-ticket items like cars, home appliances, and homes, indicating that they are confident enough to take advantage of the currently low interest rates and feel more certain they can pay back the loans in the future. More businesses are hiring, indicating that consumer demand has increased and there is a greater need for staff to meet the business' needs. The stock market is improving, which also indicates that people are investing their money in a more high-risk fashion than before, and feel more confident about the direction of the economy.
Q3. Do you believe companies should be allowed to place cookies on your electronic devices without notifying you as a condition of doing business with them? Do you believe they should be able to place cookies that automatically re-spawn after a user deletes them? From an economic perspective, is there a benefit in allowing companies to install cookies? Is there harm? Do the benefits outweigh the costs?
A company should not be allowed to silently place a cookie in what is a consumer's private equipment -- his or her computer. This would be equivalent to a...
However, at least consumers can delete cookies -- the problem comes with automatically 're-spawning' cookies that further take away a consumer's choice to not share his or her information with a company. Most consumers do not understand that they are being tracked after making a purchase, so there is no clear decision by the consumer to share his or her personal information in such a permanent fashion. The supposed benefit is that consumers can receive updates specifically tied to their needs while surfing the web, based upon search patterns and previous purchases. However, this at best encourages consumers to make additional purchases they do not necessarily need and at worst could lead to the exposure of consumer identity in inappropriate ways (Shpritz 2011)
References
Shpritz, Dave, Tyrone Proctor, Christopher L. Smith, & Cathy Iacobazzi. (2011). Issues in information technology: Cookies. Retrieved March 30, 2011 at http://www.bsos.umd.edu/gvpt/its/EcommSp01/procon.htm
Price Discrimination and Related Concepts In this paper, we will discuss some basic concepts regarding price discrimination and its related topics. We will first choose a product and outline its market structure, then by using a technique as described in the article written by Michael E. Porter we will discuss how the price of our chosen product should be decided so that profits are maximized. Finally, we will discuss how the
This type of zoning began to be enforced because of integration, which many Americans were opposed to. In recent years, the idea of exclusionary zoning still lingers as a topic of debate. This is not only an issue of race but also an issue of affordable housing for low income workers. According to Sternlieb (1973) Exclusionary zoning and subdivision control in the suburbs as a means of preserving the community status
A discriminating monopoly is an entity charging different prices for its services or products in different markets or consumers. The prices are usually not associated with the cost of the product or service provision. A company operating as a discriminating monopoly using its position in market control has the leverage of doing this by provided there are variations in the price elasticity of demand markets or consumers and barriers, thereby
Stiglitz Analysis of the Price of Inequality In the year 2013, issues of socioeconomic inequality are perhaps as pressing and problematic as they have ever been. This is the assertion at the crux of Joseph E. Stiglitz text, The Price of Inequality: How Today's Divided Society Endangers Our Future (ISBN-13: 9780393345063). Released in 2012 by W.W. Norton & Company publishers, the 560-page text is a timely and compelling contribution to the current
Second Degree Price Discrimination Many companies may practice second-degree price discrimination without realizing it by offering volume discounts or charging more for higher quality products or services. To determine what second-degree price discrimination is in real-world settings and to identify appropriate examples of the practice, this paper reviews the relevant literature concerning second-degree price discrimination, followed by an analysis of its important aspects from an economic theoretical perspective. An examination concerning
Employment Discrimination at Wal-Mart Foundation of the Study This study examines the legislative and judicial climate that enables corporations like Wal-Mart to engage in practices that violate workers' rights. The popular consensus is that Wal-Mart, the largest retail store in the United States, displays an inordinate disregard for the human dignity and morale of its employees and, despite continual litigation, continues to blatantly violate the legal rights of its employees. Wal-Mart faces