2 Matching Annotations
- Apr 2020
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papers.ssrn.com papers.ssrn.com
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Ramelli, S., & Wagner, A. F. (2020). Feverish Stock Price Reactions to COVID-19 (SSRN Scholarly Paper ID 3550274). Social Science Research Network. https://doi.org/10.2139/ssrn.3550274
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- Jun 2018
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stratechery.com stratechery.com
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The value chain for any given consumer market is divided into three parts: suppliers, distributors, and consumers/users. The best way to make outsize profits in any of these markets is to either gain a horizontal monopoly in one of the three parts or to integrate two of the parts such that you have a competitive advantage in delivering a vertical solution. In the pre-Internet era the latter depended on controlling distribution.
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