Walmart vs Amazon price war [Prisoner's Dilemma]
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Price wars example on Walmart vs Amazon business case.
![Walmart’s price war in online book market ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Walmart vs Amazon price war [Prisoner's Dilemma]
- 3. When Amazon matched, Walmart went to 9$
- 4. Amazon matched again, Walmart went to 8.99$
- 6. If traditionally wholesale book are 50% off the cover price, this price war marked down prices to 60% or more
- 7. More books Walmart, Amazon & Target sold, more they lost8.98$
- 10. Thank you. Source: http://www.newyorker.com/talk/financial/2009/11/09/091109ta_talk_surowiecki
Editor's Notes
- http://www.newyorker.com/talk/financial/2009/11/09/091109ta_talk_surowiecki
- http://www.newyorker.com/talk/financial/2009/11/09/091109ta_talk_surowiecki
- http://www.newyorker.com/talk/financial/2009/11/09/091109ta_talk_surowiecki