Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.


 
Friday, May 28, 2004


Carlyle gets 'priority rights' to buy a major stake in KDDI's DDI Pocket. This is a form of increasing returns economists like to pretend doesn't exist: increasing returns to reputation. Reputation asymmetries tend to create greater reputation asymmetries, unless search costs are minimal. Think of it like preferential attachment for the 'double coincidence of wants' - the phrase we use to talk about what buyers and sellers must do to match themselves when markets are costly to use. And this is a very nice example of such a market.

-- umair // 11:56 AM // 0 comments


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