Chapter

Strategies for Powerlaw Marketplaces

Mia de Kuijper

in Profit Power Economics

Published in print October 2009 | ISBN: 9780195171631
Published online February 2010 | e-ISBN: 9780199871353 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195171631.003.0011
 Strategies for Powerlaw  Marketplaces

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Interdependent decision making—which results from the emergence of perfect information—will cause new market dynamics. The theory of general equilibrium will have to be replaced by theories that recognize the fast-moving, powerlaw driven, network-like dynamics of groups in perfect information. Strategies based on Wisdom of the Mobs and marketing for the Long Tail no longer apply.

Keywords: powerlaw marketplaces; interdependent decision making; market dynamics; general equilibrium; powerlaw; network; dynamics of groups in perfect information; wisdom of the Mobs; long Tail

Chapter.  5296 words. 

Subjects: Macroeconomics and Monetary Economics

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