Re:Declining quality of consumer-grade products – 2009 fridg...
by danielheath on Tuesday August 16, 2022 @06:56AM
(#32481284)
The market only trends to maximum efficiency if information is sufficiently cheap for enough participants.
Most people have no cost-effective way to find out how long an appliance will last, so the market cannot find the most efficient lifetime for appliances.
Most people have no cost-effective way to find out how long an appliance will last, so the market cannot find the most efficient lifetime for appliances.