Market Failure!

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Aresen
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Re: Market Failure!

Post by Aresen » 25 Nov 2018, 17:35

I have to ship my saddle to South Carolina for repair. I am annoyed by the fact that I have to buy insurance (from Fedex/UPS/Purolator - whichever I choose) to protect myself from loss in case THEY lose or damage during shipment.

(I do understand the 'moral hazard' aspect - that I might a lost/destroyed parcel was more valuable than it really was - but it still seems absurd on the face of it that I must insure myself against their fault.)
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Re: Market Failure!

Post by Warren » 25 Nov 2018, 18:10

Aresen wrote:
25 Nov 2018, 17:35
I have to ship my saddle to South Carolina for repair. I am annoyed by the fact that I have to buy insurance (from Fedex/UPS/Purolator - whichever I choose) to protect myself from loss in case THEY lose or damage during shipment.

(I do understand the 'moral hazard' aspect - that I might a lost/destroyed parcel was more valuable than it really was - but it still seems absurd on the face of it that I must insure myself against their fault.)
Think of it as the standard rate and you can get a discount if you're willing to have it uninsured.
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Re: Market Failure!

Post by lunchstealer » 25 Nov 2018, 18:16

Huh. The saddle place wouldn't happen to be in Camden, would it? Big horse culture there, to the point that there are signs in swankier parts of town saying, "Horses Forbidden on Sidewalks."
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Aresen
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Re: Market Failure!

Post by Aresen » 25 Nov 2018, 18:22

lunchstealer wrote:
25 Nov 2018, 18:16
Huh. The saddle place wouldn't happen to be in Camden, would it? Big horse culture there, to the point that there are signs in swankier parts of town saying, "Horses Forbidden on Sidewalks."
It's in Aiken, which is near Augusta.
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Re: Market Failure!

Post by Kolohe » 25 Nov 2018, 18:55

Also near the Savannah River Plant ("When Y'all Don't Want to Go All the Way to Idaho to Make Nuclear Waste, Just Come On Over!"
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Re: Market Failure!

Post by lunchstealer » 25 Nov 2018, 21:12

Ah yeah. I think Aiken is probably the other big SC horse town, and it's a bigger city overall, although Camden has the better known race.
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Re: Market Failure!

Post by Tuco » 26 Nov 2018, 05:57

I know some pretty good saddle makers in BC. Lemme know if you want names.

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Re: Market Failure!

Post by Ellie » 26 Nov 2018, 10:41

Midwestern J Peterman has the stupidest freaking Cyber Monday setup. Any other store would have a section for clothes, a section for gun stuff, a section for optics, etc. MJP has it sorted by discount with ABSOLUTELY NO INDICATION of what's in each category. Ugh.

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Re: Market Failure!

Post by Eric the .5b » 26 Nov 2018, 18:26

Sweet, uncaring heavens—why is Amazon doing the hard sell on DNA test kits?
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Re: Market Failure!

Post by Aresen » 26 Nov 2018, 18:43

So, I shipped the saddle off today. To my absolute astonishment, I discovered that if I declared that it had any value at all, I would have to pay US customs duty on the value of the saddle. This is a saddle that I paid US$4,250 for five years ago to an American company - the same company that I am shipping it to for repair. A company located in the USA who will employ Americans to do the repair - and employed Americans to manufacture it five years ago.

This does not strike me as a good way to promote US manufacturing.

It's a great saddle and I like it, but there are other manufacturers who produce quality saddles - some even in Canada.
Tuco wrote:
26 Nov 2018, 05:57
I know some pretty good saddle makers in BC. Lemme know if you want names.
Thanks, but this is simply a repair and the people who can do the specific repair are the manufacturer.
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Re: Market Failure!

Post by Painboy » 26 Nov 2018, 18:49

Eric the .5b wrote:
26 Nov 2018, 18:26
Sweet, uncaring heavens—why is Amazon doing the hard sell on DNA test kits?
Well it worked on me last year so I guess I'm partly to blame.

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Re: Market Failure!

Post by Eric the .5b » 26 Nov 2018, 18:49

Also, tangential market failure: it's kinda depressing to look at ebook listings for lot of SF/F books from the 70s-90s for one very odd reason. That reason is because the publishers have lost the rights (or never had electronic rights) for a lot of the cover art they commissioned from actual, competent artists, and so they gave $20 and a few coupons to someone who slapped together an atrocity in Poser.

Example:

Image

Not stunning, but a nice, well-done, atmospheric cover. Gives me a warm, fuzzy feeling of nostalgia for paperbacks of the late 80s/early 90s.

Image

This one would make me expect it's a comic or manga if I had never heard of the book, but it's well-done and has personality.

And then, there's the cover for the Kindle edition:

Image

And this was, no exaggeration, probably slapped together in an hour or two ten years ago, using stock digital models and poses, and the SOB didn't even bother to set up light sources or render shadows. I can actually do better than this, and I have zero visual artistic ability. I am genuinely dismayed at the idea that someone got paid for this.
Last edited by Eric the .5b on 26 Nov 2018, 18:53, edited 1 time in total.
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Re: Market Failure!

Post by Eric the .5b » 26 Nov 2018, 18:52

Painboy wrote:
26 Nov 2018, 18:49
Eric the .5b wrote:
26 Nov 2018, 18:26
Sweet, uncaring heavens—why is Amazon doing the hard sell on DNA test kits?
Well it worked on me last year so I guess I'm partly to blame.
Don't half-ass it, man. Take all the blame! It's all your fault! :D
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Re: Market Failure!

Post by Kolohe » 27 Nov 2018, 11:14

Aresen wrote:
26 Nov 2018, 18:43
So, I shipped the saddle off today. To my absolute astonishment, I discovered that if I declared that it had any value at all, I would have to pay US customs duty on the value of the saddle. This is a saddle that I paid US$4,250 for five years ago to an American company - the same company that I am shipping it to for repair. A company located in the USA who will employ Americans to do the repair - and employed Americans to manufacture it five years ago.
This is why Point Roberts exists, as you no doubt know.
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dead_elvis
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Re: Market Failure!

Post by dead_elvis » 08 Dec 2018, 22:07

This is just pathetic. Are you *really* that lazy (and can afford to overpay for booze):
IMG_7604 copy.jpg
IMG_7604 copy.jpg (1.74 MiB) Viewed 2692 times
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Re: Market Failure!

Post by Andrew » 08 Dec 2018, 23:36

dead_elvis wrote:
08 Dec 2018, 22:07
This is just pathetic. Are you *really* that lazy (and can afford to overpay for booze):
Wow. A 750mL of JD is around $18-20 here, so that is a steep laziness tax.
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Re: Market Failure!

Post by Warren » 09 Dec 2018, 01:31

I remember being a Sailor on liberty over in Spain. Four of us parked ourselves in a bar and whiled away the afternoon drinking rum and cokes. I remember fetching a round and watching the barkeep count in two small ice cubes in each glass, opening a 10oz bottle of Coke a Cola and divvying it up between the four glasses, then filling them up with rum. They loved American Sailors because we came off the ship with a week's pay and they could cheat us on the Coke which cost less than the rum.
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Re: Market Failure!

Post by Andrew » 16 Dec 2018, 22:19

I'm not a big fan of the ever-increasing amount of items on Amazon that are weird Chinese/Japanese/Korean/god-only-knows brands with poorly written product descriptions and a mixture of legitimate and suspicious reviews.
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Re: Market Failure!

Post by Warren » 16 Dec 2018, 23:29

Andrew wrote:
16 Dec 2018, 22:19
I'm not a big fan of the ever-increasing amount of items on Amazon that are weird Chinese/Japanese/Korean/god-only-knows brands with poorly written product descriptions and a mixture of legitimate and suspicious reviews.
Hmmm. I don't know how I seem to be exempt from this widely reported denigration of Amazon. I don't buy very much, maybe half a dozen orders a year. I keep a wish list and when I need something, I chuck on a few items off the list to fill out the order. I actually just let my free trial period of Prime remain active and renewed it another month. At any rate, I've been actively searching for goods this past month or so and the experience has been first rate.
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Re: Market Failure!

Post by JD » 17 Dec 2018, 11:08

If you only look for certain, reasonably well-known things, you don't tend to run across the phenomenon too much, but it's definitely there. You can usually identify these things because the items have names that are about a mile long, because the sellers lard them with every possible keyword they think might help, like "Drawing Pad for Kids: Childrens Sketch Book for Drawing Practice ( Best Gifts for Age 4, 5, 6, 7, 8, 9, 10, 11, and 12 Year Old Boys and Girls - Great Art Gift, Top Boy Toys and Books )" and the paid reviews thing is definitely an issue. Last Christmas we bought a radio-controlled robot for my nephew on Amazon because it had a good rating and we didn't read the reviews closely; when we got it, it was hilariously bad, so we went back to read the reviews more carefully, and there was a distinct difference between the 1-star reviews in coherent English and the 5-star reviews that said things like "This most excellent robot toy very good. Many amusing electronic function."
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Re: Market Failure!

Post by Warren » 17 Dec 2018, 11:12

JD wrote:
17 Dec 2018, 11:08
If you only look for certain, reasonably well-known things, you don't tend to run across the phenomenon too much, but it's definitely there. You can usually identify these things because the items have names that are about a mile long, because the sellers lard them with every possible keyword they think might help, like "Drawing Pad for Kids: Childrens Sketch Book for Drawing Practice ( Best Gifts for Age 4, 5, 6, 7, 8, 9, 10, 11, and 12 Year Old Boys and Girls - Great Art Gift, Top Boy Toys and Books )" and the paid reviews thing is definitely an issue. Last Christmas we bought a radio-controlled robot for my nephew on Amazon because it had a good rating and we didn't read the reviews closely; when we got it, it was hilariously bad, so we went back to read the reviews more carefully, and there was a distinct difference between the 1-star reviews in coherent English and the 5-star reviews that said things like "This most excellent robot toy very good. Many amusing electronic function."
Yeah, maybe my search technique has something to do with it. I often search by user rating, and typically won't even look at a product with less than 50 reviews, and I do skim the reviews.
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Re: Market Failure!

Post by Andrew » 17 Dec 2018, 13:51

JD wrote:
17 Dec 2018, 11:08
If you only look for certain, reasonably well-known things, you don't tend to run across the phenomenon too much, but it's definitely there.
This is a good description of it. If there's a certain item/brand I'm looking for, it's never been an issue. Trying to find a basic mp3 player (I don't like using my phone) or some workout clothing? Fakes everywhere. The top rated/Amazon's suggestion mp3 player was 100% fake reviews. Compression workout clothing is Under Armour... and a bunch of weird brands loaded with questionable reviews.
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Re: Market Failure!

Post by Highway » 17 Dec 2018, 15:08

Same with low cost electronics. Want some cheap Bluetooth headphones? Try to figure out which of these gazillion nonames has the least worst reviews.

Name brand stuff has a lot more counterfeiting problem than copycat problem.
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Re: Market Failure!

Post by Warren » 17 Dec 2018, 16:24

Highway wrote:
17 Dec 2018, 15:08
Same with low cost electronics. Want some cheap Bluetooth headphones? Try to figure out which of these gazillion nonames has the least worst reviews.

Name brand stuff has a lot more counterfeiting problem than copycat problem.
In April of 2017 I bought a cheap pair of MEE Runaway Bluetooth headphones for $30. Then in Feb. of this year when I was flush with BtC money I wanted better quality and bought a pair of Audio-Technica. Both bought off Amazon on the strength of customer reviews. TBS I did the prerequisite googling homework before going to Amazon. I remain delighted with both purchases.
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Re: Market Failure!

Post by Mo » 24 Dec 2018, 09:29

Your scientists were so preoccupied with whether or not they could, they didn't stop to think if they should.

https://nordic.businessinsider.com/thes ... ng-good2--
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