07-03-2012, 02:03 PM | #16 | |
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The handbag might be on the extreme side, but in essence, it is impossible to criticize it without taking vow of poverty first. I am, definitely, not worthy. |
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07-03-2012, 02:19 PM | #17 | |
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Back in the 1990's Hong Kong passed a law stating that watches assembled in Hong Kong, assembled from 100% Swiss parts could legally be called Swiss Watches. Apache Last edited by Apache; 07-03-2012 at 05:07 PM. |
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07-03-2012, 02:28 PM | #18 |
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You are getting it wrong. A rational maximizer means he tries to obtain the maximum benefit in term of his expectations, it doesn't mean those expectations are rational.
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07-03-2012, 02:31 PM | #19 | |
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07-03-2012, 04:36 PM | #20 |
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I understand the concept of the rational maximizer quite well. A person who spends a fortune on a bag just for the name on it isn't making a rational caluculation from flawed premises. If there was some tangible benefit to the designer bag, such as being seen with it could lead to higher status, and result in benefits such as getting promotions at work, better service in stores etc., that might be a possibility. But even if there were such benefits, the rational maximizer would be buying the knock off. You get the same benefit of being seen with the expensive brand name, the only person that knows the difference is you.
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07-03-2012, 05:03 PM | #21 | |
Say my name very fast ...
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They don't charge their clients any fees, they just get a portion of the settlements which still ends up being a lot of money ... especially when they do stuff like this lawyer. |
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07-03-2012, 05:14 PM | #22 | |
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Apache |
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07-03-2012, 05:41 PM | #23 |
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Can one really call an ebook, regardless of origin, a knockoff?
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07-03-2012, 08:01 PM | #24 | ||
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So yes, such watches do exist regardless of the fact that you have not seen any. |
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07-03-2012, 08:53 PM | #25 | |
Treachery of images ...
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I think I'd like to see some more background info before I come to some sort of appreciation of the issues at stake. Thanks. |
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07-03-2012, 09:38 PM | #26 | |
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Rolex and Movado are some of the worst. I have seen Movado refuse to work on one of their watches because the leather band was not theirs. To get warranty work done the owner had to buy a Movado Band. Apache |
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07-03-2012, 09:53 PM | #27 | |
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Flawed premise? |
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07-03-2012, 09:58 PM | #28 | |
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You can certainly argue that patents, trademarks and copyright are beneficial, but you can't blame the free market when government intervention pushes prices up. |
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07-03-2012, 11:47 PM | #29 |
Nameless Being
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Actually, the free market is a bit of a contradiction in this respect. You are right: a free market doesn't have artificial restrictions like patents, copyrights, or trademarks. On the other hand, the free market also depends upon property rights. Patents, copyrights, and trademarks are exactly that -- property rights. Unfortunately, this contradiction is going to become more and more acute as these intellectual properties (and yes, I hate that term) become less and less entangled with their physical counterparts.
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07-04-2012, 12:00 AM | #30 | |
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For that matter, stolen cars are usually cheaper than the equivalent car bought from the actual owner with a government enforced monopoly on the use of that car. |
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