Controlled entry to the Champagne Fairs substituted for direct credit checks and enforced reputation.
Evidence
Other, smaller fairs that tried to compete with the Champagne Fairs on an equal footing would have to contend with merchants who participated only long enough to make a profitable cheating transaction and then return to the Champagne Fairs where their participation rights were intact. — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 171 (
#corroborates, via linked claim)
Categorization
- XREF: connects to: Entrenched reputation mechanisms give dominant fairs a durable competitive moat. — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 171
Related
- Entrenched reputation mechanisms give dominant fairs a durable competitive moat. (similarity 0.92)
- Entry control at fairs substituted for reputational screening of trade partners (similarity 0.84)
Broader Connections
- Entrenched reputation mechanisms give dominant fairs a durable competitive moat.
#corroborates(0.85) — PAUL R. MILGRO, PAUL R. MILGRO - THE ROLE OF…, 171