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The Intelligence: Bibi bumps
Economist Podcasts
Market Dynamics of Luxury Handbags and Counterfeit Goods
The market for luxury handbags and the resale market has experienced significant changes over the last decade due to booming demand and technological advancements. Dedicated online platforms have emerged, allowing easy access to second-hand luxury bags, leading to a $200 billion annual resale market. This growth has also empowered producers of counterfeit goods who have improved their replication techniques. Economists are intrigued by the information asymmetries present in these markets, where sellers may have more knowledge about product quality than buyers.
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