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In The Economics of Superstars, Sherwin Rosen calls these “joint consumption technologies” — tools that enable a single seller to reach an unlimited number of customers at a very low (marginal) cost. These technologies introduced new benefits for consumers and new economies of scale for performers. The price of entertainment dropped since it was no... See more

The argument is that if providers start going out of business or consolidating, it leaves insurers with fewer suppliers of care to their members, which increases supplier power. The authors propose that each insurer scales up payments to primary care providers, and they astutely recommend policies that minimize the risk of free ridership, which cou... See more

While some specific categories have taken off – at the time of writing, there are six puzzle brands in Thingtesting’s directory – the create-at-home category as a whole is still in the early days of going direct-to-consumer.

(Most people probably won’t finish the book, enabling the author to profit)

In an information industry the cost of monopoly must not be measured in dollars alone, but also in its effect on the economy of ideas and images, the restraint of which can ultimately amount to censorship.