Protection challengers raise switching costs rather than undercutting prices
Related
- Protection is a commodity paid for even when never used. (similarity 0.81)
- Solving competition in protection markets ultimately requires a mafia-like enforcing superagency. (similarity 0.79)
- Protection terms depend on the relative power of customer and mafioso (similarity 0.78)
- Prior analysts conflate protected goods’ markets with the protection market itself. (similarity 0.78)