Winner-take-all market

A winner-take-all market is a market in which a product or service which is only slightly (1%) better then the competitors gets disproportionally large (90%-100%) share of or all revenues for that class of products or services.[1] It occurs when the top producer of a product earns a much more than their competitors.[2][3][4] Examples of winner-take-all markets include the sports and entertainment markets.[5]

References

  1. ↑ Grant, Randy R.; Leadley, John C.; Zygmont, Zenon X. (2014-10-21). The Economics of Intercollegiate Sports. World Scientific Publishing Co Inc. ISBN 9789814583398.
  2. ↑ Grant, Randy R.; Leadley, John C.; Zygmont, Zenon X. (2014-10-21). The Economics of Intercollegiate Sports. World Scientific Publishing Co Inc. ISBN 9789814583398.
  3. ↑ Arnold, Roger A. (2007-01-25). Economics. Cengage Learning. ISBN 0324538014.
  4. ↑ Rycroft, Robert (2014-12-18). The Economics of Inequality, Discrimination, Poverty, and Mobility. Routledge. ISBN 9781317457312.
  5. ↑ Phillips, Ronnie (2012-11-19). Rock and Roll Fantasy?: The Reality of Going from Garage Band to Superstardom. Springer Science & Business Media. ISBN 9781461459002.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.