Journal: News & Comment

Monday, July 24, 2006
# 11:46:00 PM:

Why hidden fees won't just damn well go away

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One of the idealistic assumptions of introductory market economics is that citizens are well informed and thus can make reasonable decisions. Via Brian Chin, here's why that often isn't true, and how it leads to unsavoury things like exorbitant minibar prices in hotels, hidden mobile phone fees, and "resort charges."

Sorry, market economy. Sometimes you suck.


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