The Intelligence: Bibi bumps
The Intelligence from The Economist
00:00
The Complexity of Secondhand Luxury Handbags
This chapter examines the burgeoning market for secondhand luxury handbags, focusing on the challenges posed by counterfeit items. It discusses George Akerlof's 'Market for Lemons' model, illustrating how information asymmetries can devalue quality products and impact consumer trust. The segment emphasizes the necessity for luxury brands to enhance authenticity measures in the resale market to safeguard their reputation.
Transcript
Play full episode
