The Tenuous Grasp: Possession and Loss in the Marketplace

William Redmond

Journal of Economic Issues, 2019, vol. 53, issue 2, 532-536

Abstract: Generally speaking, markets serve as provisioning mechanisms, facilitating the supply of goods and services to customers. Extensive supply chains with specialist intermediaries create a flow of diverse items to consumers. However, market institutions can also serve as a de-provisioning technology, taking things away from customers. That is, markets can work in reverse. One example is the repossession of a vehicle. The process is often detrimental to low income and minority individuals.

Date: 2019
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DOI: 10.1080/00213624.2019.1603767

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