“When you transition from selling something from a physical product to a digital product,” Shiller explained, “it allows the seller, the publisher to restrict resale, they can prevent you from reselling the item, and that ends up being very profitable, particularly for the types of goods that people grow tired of.” This suggests that companies selling these goods have a strong incentive to find ways to distribute products where people can’t resell it, with digital distribution a great way to accomplish this. Resale markets tend to disappear in these markets as a result, he added: “I think it’s more hidden rather than acknowledged.”
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