Definitely sometimes true, but there are also many areas where the agent doing the coordination is the one extracting all the profit (like most marketplaces). Related: Laws of Tech: Commoditize Your Complement
It’s rare that commercial businesses and market extract anywhere near all of the surplus, but it’s a good point.
Definitely sometimes true, but there are also many areas where the agent doing the coordination is the one extracting all the profit (like most marketplaces). Related: Laws of Tech: Commoditize Your Complement
It’s rare that commercial businesses and market extract anywhere near all of the surplus, but it’s a good point.