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The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
Tibetan khaden (sleeping rugs) with designs typical of 19th century weavings. Tibetan carpets from the 19th century (perhaps earlier, though mostly carpets from the 19th century survive) are relatively restrained in terms of design and coloring, carpet makers at that time being restricted to a narrow range of natural dyes including madder (red), indigo (blue), Tibetan rhubarb (yellow) and ...
China has a long history of exporting traditional goods; however, it was not until the first half of the 19th century that the Chinese began to export their rugs. Once in contact with western influences, there was a large change in production: Chinese manufactories began to produce art deco rugs with commercial look and price point. The ...
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