Exploring the challenges posed by the increasing prevalence of Superfakes in the luxury handbag market, where counterfeit producers are creating nearly indistinguishable replicas. The chapter also delves into the economic implications and parallels to information asymmetries in markets, using examples like Chanel's lawsuit against a vintage store for selling dubious items.
As yet more aid workers die in Gaza and an airstrike levels an Iranian consulate, pressure on Israel’s Prime Minister Binyamin Netanyahu mounts. But all that chaos is paradoxically protective. We take an economist’s view on the “superfakes” that are chipping away at the luxury-handbag industry (10:18). And French winemakers face the twin challenges of brewers and abstemious youth (18:37).
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