{"product_id":"valuing-the-unique-the-economics-of-singularities-9780691137100","title":"Valuing the Unique: The Economics of Singularities","description":"\u003cp\u003eIn 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. \u003ci\u003eValuing the Unique\u003c\/i\u003e provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e 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. \u003cp\u003e\u003c\/p\u003e 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Lucien Karpik\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Princeton University Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/21\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.90lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 5.80w x 0.80d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780691137100\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eLucien Karpik\u003c\/b\u003e is a sociologist at the École des Mines and the Centre Raymond Aron (EHESS) in Paris. His books include \u003ci\u003eFrench Lawyers: A Study in Collective Action, 1274-1994\u003c\/i\u003e and, with Terence C. Halliday and Malcolm M. Feeley, \u003ci\u003eFighting for Political Freedom: Comparative Studies of the Legal Complex and Political Liberalism\u003c\/i\u003e.\u003cbr\u003e\u003c\/p\u003e","brand":"Princeton University Press","offers":[{"title":"Paperback","offer_id":40087145185395,"sku":"9.78E+12","price":55.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_2f7954f0-1c80-4fb4-b015-66a26ad24f8a.jpg?v=1652538840","url":"https:\/\/bookstorenmore.com\/en-de\/products\/valuing-the-unique-the-economics-of-singularities-9780691137100","provider":"Bookstore N More","version":"1.0","type":"link"}