The Tenuous Grasp: Possession and Loss in the Marketplace. Issue 2 (3rd April 2019)

• Record Type: Journal Article
• Authors: Redmond, William
• Is Part Of: Journal of economic issues. Volume 53:Issue 2(2019)
• Page Start: 532
• Page End: 536
• Publication Date: 2019-04-03
• Subjects: repossession -- foreclosure -- market mechanisms -- inequality; B52 -- D14 -- D63; Economics -- Periodicals; Economics; Économie politique -- Périodiques; Economie; ECONOMICS; ECONOMIC POLICY; Periodicals; 330.05
• DOI: 10.1080/00213624.2019.1603767
• Languages: English
• ISSNs: 0021-3624

Abstract

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.