undefined | Better HN

0 pointsummonk5y ago0 comments

If it's about lack of decrease in market share, then the existence of the ads product is not a net positive for small businesses. It is potentially just extracting a rent out of them without any aggregate benefit by pitting businesses against each other in a coordination problem.

0 comments

1 comments · 1 top-level

manigandham5y ago

If a company creates better kitchen equipment that allows one shop to make better food, isn't that the same thing? Is it now rent-seeking that anyone who can provide an advantage can potentially sell that to all the shops so they all remain competitive and not lose market share?

All competition is a coordination problem.

j / k navigate · click thread line to collapse