Trying to understand this and please correct me if I am wrong:
A is producing something of value 100.
That is complex to configure so B comes along and they say: Buy from me at 150 and you will get both the product and the configuration.
C comes and say: there are multiple products like this so I created a marketplace where I do some offering that in the end will cost you 160 but you can switch providers whenever you want.
Now I am a customer of C and I buy at 160:
C gets 160 retains 10 but total revenue is 160
B gets 150 retains 50 but total revenue is 150
A gets the 100
Here is the question: How big is GDP in this case?
I think it is 160.
Now A adds LLM for about 4 extra that can do what B and C can (allegedly) removing the intermediaries and so now the GDP is 104.
simianwords|6 months ago
gls2ro|6 months ago
A is producing something of value 100. That is complex to configure so B comes along and they say: Buy from me at 150 and you will get both the product and the configuration.
C comes and say: there are multiple products like this so I created a marketplace where I do some offering that in the end will cost you 160 but you can switch providers whenever you want.
Now I am a customer of C and I buy at 160: C gets 160 retains 10 but total revenue is 160 B gets 150 retains 50 but total revenue is 150 A gets the 100
Here is the question: How big is GDP in this case?
I think it is 160.
Now A adds LLM for about 4 extra that can do what B and C can (allegedly) removing the intermediaries and so now the GDP is 104.
Am I wrong with this?