The Inner Lives of Markets

Download or read book The Inner Lives of Markets written by Ray Fisman and published by Public Affairs. This book was released on 2016-06-07 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 21st century, markets in which competing sellers and multiple buyers meet face-to-face and haggle over prices are increasingly rare; that's the classic free market model guided by an invisible hand. Instead, platforms like eBay are emerging in ever-increasing numbers, transforming marketplaces and replacing the invisible hand with customized interactions among participants. In this enlightening travelogue of markets and economic theories, authors Ray Fisman and Tim Sullivan use a breezy, anecdotal style to illuminate how people make decisions in their day-to-day economic lives in this newly emerging world. getAbstract recommends this intriguing overview to general readers as well as to executives and investors.