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My own observations of this are that it only works in smaller areas where there isn't enough critical mass to support a lot of choice in markets. Where I live,
by throwawayboise 5y ago
My own observations of this are that it only works in smaller areas where there isn't enough critical mass to support a lot of choice in markets.
Where I live, we have WalMart, Target, other national "big box" retailers, three different supermarket chains, and a pretty wide variety of locally-owned small specialty retailers.
Could a town of 10,000 support this kind of diversity in retail? No. So there, WalMart wins. Before WalMaret, there was more local retail, but they were barely making a living.
- darkwizard42 5y agoThis is the playbook that works for ridesharing as well (which seems to be an oft-cited example of this)... in a larger city the density of riders and drivers is sufficiently high the market is able to support a 2-company system. In smaller markets, it quickly tilts into one of companies because no driver will stay on a platform without demand (long wait times for a ride), and no rider will use a platform without sufficient supply (high ETAs).