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Title: Urban Economics

Essay Details

Subject: Business
Author:
Date: July 6, 2000
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Length: 8 / 2254
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Off course geographically specific goods are not included; the internet will not cause Dunedin consumers to purchase more bikini's and swim wear just because the internet has a wide variety of products. The internet may also substitute for people of similar preferences locally...

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Like minded people determine the offline market however people isolated due to there location i.e. ethnic minorities are more like to find products which match there tastes online. Sinai and Waldfogel use African-Americans as a proxy for like-minded people for example; American professors in Dunedin are likely to find products which they prefer online rather than locally because Dunedin can not satisfy there unique preferences...

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