Items labeled With Economic surplus
The Bargain Market with Bulk Consumer Surplus
Written By: Amine Hambaba
Section: Notes
Category: Economics
2006-02-28 03:00:00
This morning, I read an interesting article in the Wall Street Journal concerning one of the many consumer tactics in China’s vast market. It is usually generalized that Chinese shoppers are "hard-nosed" bargainers, striving the utmost to get discounts to satisfy any consumer income. Unfortunately (for merchants), this tactic has been added another difficulty level; bargainers teaming up!
Written By: Amine Hambaba
Section: Notes
Category: Economics
2006-02-28 03:00:00
This morning, I read an interesting article in the Wall Street Journal concerning one of the many consumer tactics in China’s vast market. It is usually generalized that Chinese shoppers are "hard-nosed" bargainers, striving the utmost to get discounts to satisfy any consumer income. Unfortunately (for merchants), this tactic has been added another difficulty level; bargainers teaming up!
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