Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Many markets have historically been dominated by a small number of best-selling products. The Pareto principle, also known as the 80/20 rule, describes this common pattern of sales concentration. Hover, information technology in general and Internet markets in particular have the potential to substantially increase the collective share of niche products, thereby creating a longer tail in the distribution of sales.  investigates the Internet's “long tail” phenomenon. By analyzing data collected from a multichannel retailer, it provides empirical evidence that the Internet channel exhibits a significantly less concentrated sales distribution when compared with traditional channels. Previous explanations for this result have focused on differences in product availability beten channels. Hover,  demonstrate that the result survives even when the Internet and traditional channels share exactly the same product availability and prices. Instead,  find that consumers' usage of Internet search and discovery tools, such as recommendation engines, are associated with an increase the share of niche products.  conclude that the Internet's long tail is not solely due to the increase in product selection but may also partly reflect lor search costs on the Internet. If the relationships  uncover persist, the underlying trends in technology portend an ongoing shift in the distribution of product sales.#R##N##R##N# was accepted by Ramayya Krishnan, information systems.
['Erik Brynjolfsson', 'Yu Jeffrey Hu', 'Duncan Simester']
I am writing a research paper on a idea Goodbye Pareto Principle, Hello Long Tail: The Effect of Search Costs on the Concentration of Product Sales
[{"from": "human", "value": "I am writing a research paper on a idea Goodbye Pareto Principle, Hello Long Tail: The Effect of Search Costs on the Concentration of Product Sales"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Many markets have historically been dominated by a small number of best-selling products. The Pareto principle, also known as the 80/20 rule, describes this common pattern of sales concentration. Hover, information technology in general and Internet markets in particular have the potential to substantially increase the collective share of niche products, thereby creating a longer tail in the distribution of sales.  investigates the Internet's \u201clong tail\u201d phenomenon. By analyzing data collected from a multichannel retailer, it provides empirical evidence that the Internet channel exhibits a significantly less concentrated sales distribution when compared with traditional channels. Previous explanations for this result have focused on differences in product availability beten channels. Hover,  demonstrate that the result survives even when the Internet and traditional channels share exactly the same product availability and prices. Instead,  find that consumers' usage of Internet search and discovery tools, such as recommendation engines, are associated with an increase the share of niche products.  conclude that the Internet's long tail is not solely due to the increase in product selection but may also partly reflect lor search costs on the Internet. If the relationships  uncover persist, the underlying trends in technology portend an ongoing shift in the distribution of product sales.#R##N##R##N# was accepted by Ramayya Krishnan, information systems."}]