Reposted by Lena Pellandini-Simanyi
New paper out in Journal of Business Research w/ @lenapell.bsky.social .. We show how uncertainty regarding counterfeits in secondhand luxury markets has spillover effects on primary markets - extending Akerlof's lemons 🍋⌚
www.sciencedirect.com/science/arti...
sciencedirect.com
The upside of uncertainty: how counterfeit risk in secondary markets influences primary luxury sales
The rise of digital resale platforms has reshaped the global luxury goods market, creating opportunities for pre-owned luxury transactions while intro…