Heavy Lifting - thoughts and web finds by an economist
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Friday, September 29, 2006
Another interesting supply and demand question from this week's WSJ microeconomics recap:
"Want a flat-panel TV with that tool belt? Home-improvement, clothing and office-supply stores plan to crash the party for big-screen television sets now dominated by Best Buy Co. and other electronics retailers. The development highlights the starring role that super-slim TVs are taking not just in the living room but in every nook of the home. And the new outlets could trigger ever-faster price declines as lowest-cost, lesser-known brands grab shelf space and consumer recognition." The article reports that if the increased number of retailers selling the flat-panel TVs results in a price war, then the manufacturers could cut back on the number of retailers. The article reports two reasons for new retailers entering the flat-panel TV market: exploding consumer demand; and more companies making the televisions.
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