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Unlike the Internet, when a break-and-mortar fails it's not easy for a competitor to break into the space and scoop up their market share. In theory in an effic
by lmkg 9y ago
Unlike the Internet, when a break-and-mortar fails it's not easy for a competitor to break into the space and scoop up their market share. In theory in an efficient market, players that deserve to fail will be replaced and the market as a whole will remain and become stronger. In meatspace, where many things have friction, players that deserve to fail will bring the market down. I also wish it weren't the case, but it's not a market many players are actively trying to enter right now.
- Slansitartop 9y ago> Unlike the Internet, when a break-and-mortar fails it's not easy for a competitor to break into the space and scoop up their market share. Also, in this space, there's a competitor that's on it's way to a monopoly. if B&N goes belly-up, I'm not even sure where I could buy books besides Amazon.
- nkrisc 9y agoMy situation might be different because I live in a major US city, but I can think of a handful of independent bookstores near where I live. If they didn't have what I was looking for they could probably order it for me.
- laurex 9y agoTry powells.com, an independent but pretty comprehensive bookstore in Portland.