{"id":10650,"date":"2014-03-10T09:00:57","date_gmt":"2014-03-10T13:00:57","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=10650"},"modified":"2014-03-10T07:44:00","modified_gmt":"2014-03-10T11:44:00","slug":"the-economics-of-wedding-dresses","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2014\/the-economics-of-wedding-dresses\/","title":{"rendered":"The Economics Of Wedding Dresses"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/03\/031014_1141_TheEconomic1.jpg\" width=\"640\" height=\"450\" \/><\/p>\n<p>Caitlin Dewey wrote about the market for a bride&#8217;s gown:<\/p>\n<ul>\n<li>Wedding dresses cost a lot of money in part due to the price of the material and the quality of the workmanship.<\/li>\n<li>Yet a big part of the price of a dress is the markup \u2013 which can be around 200%.<\/li>\n<li>Sellers can get away with this because of asymmetric information. Since most people (plan to) only get married once, they&#8217;re not experienced in purchasing wedding dresses and so don&#8217;t know how much a &#8216;reasonable&#8217; price is.<\/li>\n<li>The cost of the dress is also used to indicate social status and signal the bride&#8217;s commitment to her husband.<\/li>\n<li>However this means that a company could come in and create a big market for itself by offering a cheap wedding dress.<\/li>\n<li>H&amp;M has done precisely that by offering a wedding dress for the relative bargain of $99.<\/li>\n<\/ul>\n<p>Read more over <a href=\"http:\/\/www.washingtonpost.com\/blogs\/style-blog\/wp\/2014\/03\/07\/hm-is-making-a-99-wedding-dress-heres-what-that-says-about-economics\/?tid=pm_pop\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.washingtonpost.com\/blogs\/style-blog\/wp\/2014\/03\/07\/hm-is-making-a-99-wedding-dress-heres-what-that-says-about-economics\/?tid=pm_pop\">The Washington Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caitlin Dewey wrote about the market for a bride&#8217;s gown: Wedding dresses cost a lot of money in part due to the price of the material and the quality of the workmanship. Yet a big part of the price of a dress is the markup \u2013 which can be around 200%. Sellers can get away [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2014\/03\/031014_1141_TheEconomic1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=10650"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10650\/revisions"}],"predecessor-version":[{"id":10653,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/10650\/revisions\/10653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/10649"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=10650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=10650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=10650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}