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This is a classic coordination problem: you need all the sellers to leave together so that individual merchants don't take a loss. And coordination problems lik
by neilparikh 3y ago
This is a classic coordination problem: you need all the sellers to leave together so that individual merchants don't take a loss. And coordination problems like this are one of the main areas government action can help!
- AlanYx 3y agoAlso, I'd imagine that coordination would probably leave them vulnerable to their own set of anticompetitive allegations (i.e., some variant of cartel behavior/price-fixing). To the extent anyone acts, it would probably have to be government.