Latest Quotes
(108,898 total)Tagged: Philosophy
“The problem is that network effects just aren’t as durable as they used to be...Currently, modern technology — fueled by software, the internet, and the cloud — makes it possible for a challenger to enter the market at minimal cost. Price competition doesn’t matter much since the winner that took al…”
— David S. Evans, Richard Schmalensee, Why Winner-Takes-All Thinking Doesn’t Apply to the Platform Economy
“Experience also shows us that that network effects can also work in reverse, and destroy value with explosive speed. This has happened to many shopping malls. When consumer traffic drops a little, a few stores leave, the mall becomes less attractive. Then traffic reduces a little more, more stores l…”
— David S. Evans, Richard Schmalensee, Why Winner-Takes-All Thinking Doesn’t Apply to the Platform Economy
“But the new economics of multisided platforms, which we explore in detail in Matchmakers, shows that the winner-takes-all theory doesn’t describe most internet platforms. What markets have these companies actually won? If you think Google is the winner in search, Facebook in social networks, and Twi…”
— David S. Evans, Richard Schmalensee, Why Winner-Takes-All Thinking Doesn’t Apply to the Platform Economy
“If by intellectual you mean somebody who works only with his head and not with his hands, then the bank clerk is an intellectual and Michelangelo is not. And today, with a computer, everybody is an intellectual. So I don’t think it has anything to do with someone’s profession or with someone’s socia…”
— Umberto Eco, The Art of Fiction No. 197: An Interview by Lila Azam Zanganeh