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Latest comment: 2 years ago1 comment1 person in discussion
This article seems overly academic, and more focused on price competition per se. The aspect that is NOT discussed (in a skim read at least) is the related loss in QUALITY, where products get streamlined to cut costs.
Example I just ran into: mens web belts, where there is no longer a leather strip with punched holes to mate up with the fastener. They all now assume you'll poke the fastener tongue (right word?) thru the belt itself. I can't find anybody selling the earlier version, which is the quality I want.
Which brings to mind an associated aspect: the stores (physical and online) all carry the same bottom level crap, there seems to be little quality differentiation (brand names for extra $ but little variation in actual product).