The market only trends to maximum efficiency if information is sufficiently chea...

		danielheath on Aug 16, 2022 \| parent \| context \| favorite \| on: Declining quality of consumer-grade products – 200... 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.