Valuing the Unique - The Economics of Singularities

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9780691137100: Valuing the Unique - The Economics of Singularities

In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quality. Examples include movies, novels, music, artwork, fine wine, lawyers, and doctors. "Valuing the Unique" provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. With this innovative theory - called the economics of singularities - Karpik shows that, because of the uncertainty and the highly subjective valuation of singularities, these markets are necessarily equipped with what he calls 'judgment devices' - such as labels, brands, guides, critics, and rankings - which provide consumers with the credible knowledge needed to make reasonable choices. He explains why these markets are characterized by the primacy of competition by qualities over competition by prices, and he identifies the conditions under which singularities are constructed or are in danger of losing their uniqueness. After demonstrating how combinations of the numerous and multiform judgment devices can be used to identify different market models, Karpik applies his analytical tools to the functioning of a large number of actual markets, including fine wines, movies, luxury goods, pop music, and legal services.

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Lucien Karpik
Edité par Princeton University Press, United States (2010)
ISBN 10 : 0691137102 ISBN 13 : 9780691137100
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Description du livre Princeton University Press, United States, 2010. Paperback. État : New. 232 x 152 mm. Language: English . Brand New Book. In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quality. Examples include movies, novels, music, artwork, fine wine, lawyers, and doctors. Valuing the Unique provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. With this innovative theory--called the economics of singularities--Karpik shows that, because of the uncertainty and the highly subjective valuation of singularities, these markets are necessarily equipped with what he calls judgment devices --such as labels, brands, guides, critics, and rankings--which provide consumers with the credible knowledge needed to make reasonable choices. He explains why these markets are characterized by the primacy of competition by qualities over competition by prices, and he identifies the conditions under which singularities are constructed or are in danger of losing their uniqueness. After demonstrating how combinations of the numerous and multiform judgment devices can be used to identify different market models, Karpik applies his analytical tools to the functioning of a large number of actual markets, including fine wines, movies, luxury goods, pop music, and legal services. N° de réf. du libraire AAZ9780691137100

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Lucien Karpik
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Description du livre Princeton University Press, 2010. PAP. État : New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. N° de réf. du libraire WP-9780691137100

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Lucien Karpik
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Description du livre Princeton University Press 2010-07-01, New Jersey, 2010. paperback. État : New. N° de réf. du libraire 9780691137100

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Lucien Karpik
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Description du livre Princeton University Press 2010-07-01, 2010. État : New. Brand new book, sourced directly from publisher. Dispatch time is 24-48 hours from our warehouse. Book will be sent in robust, secure packaging to ensure it reaches you securely. N° de réf. du libraire NU-GRD-00640309

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Lucien Karpik
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Description du livre Princeton University Press, United States, 2010. Paperback. État : New. 232 x 152 mm. Language: English . Brand New Book. In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quality. Examples include movies, novels, music, artwork, fine wine, lawyers, and doctors. Valuing the Unique provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. With this innovative theory--called the economics of singularities--Karpik shows that, because of the uncertainty and the highly subjective valuation of singularities, these markets are necessarily equipped with what he calls judgment devices --such as labels, brands, guides, critics, and rankings--which provide consumers with the credible knowledge needed to make reasonable choices. He explains why these markets are characterized by the primacy of competition by qualities over competition by prices, and he identifies the conditions under which singularities are constructed or are in danger of losing their uniqueness. After demonstrating how combinations of the numerous and multiform judgment devices can be used to identify different market models, Karpik applies his analytical tools to the functioning of a large number of actual markets, including fine wines, movies, luxury goods, pop music, and legal services. N° de réf. du libraire AAZ9780691137100

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Lucien Karpik; Nora Scott
ISBN 10 : 0691137102 ISBN 13 : 9780691137100
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Description du livre État : New. Bookseller Inventory # ST0691137102. N° de réf. du libraire ST0691137102

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Lucien Karpik; Translator-Nora Scott
Edité par Princeton University Press (2010)
ISBN 10 : 0691137102 ISBN 13 : 9780691137100
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Description du livre Princeton University Press, 2010. Paperback. État : New. N° de réf. du libraire SONG0691137102

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Karpik, Lucien
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Description du livre Princeton University Press, 2010. État : New. 2010. Paperback. Dealing with economic sociology, this title introduces the theory and practical tools needed to analyze markets for singularities. It shows that because of the uncertainty and the subjective valuation of singularities, the markets related to movies, music, and fine wine are equipped with the 'judgment devices' such as brands, critics and rankings. Translator(s): Scott, Nora; Shimer, Robert. Num Pages: 288 pages, 2 line illus. 5 tables. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 233 x 156 x 19. Weight in Grams: 414. . . . . . . N° de réf. du libraire V9780691137100

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Lucien Karpik; Nora Scott
ISBN 10 : 0691137102 ISBN 13 : 9780691137100
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Lucien Karpik, Nora Scott, Robert Shimer,
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Description du livre Paperback. État : New. Not Signed; In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quali. book. N° de réf. du libraire ria9780691137100_rkm

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