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#	AUTHOR DATE SUBJECT
4	member 11/22/09 11:28AM RE: Network effects 2
I think the primary reason that this isn't a natural monopoly is the fact that the developers choose which exchange the vacation owners will participate in (not the vacation owners themselves). The developers use the exchange... login to read the rest view available tags
3	member 11/22/09 11:09AM RE: Capital allocation 1
My understanding is that they are picking up contracts from players that are exiting the business. These contracts may be barely breaking even (or even losing money). Therefore, Aston is paying nothing (or next to... login to read the rest view available tags
2	member 11/20/09 7:21PM Network effects 1
Good write-up. This is not an industry I know well, but given the strong network effects I suspect exist here, why is this not a natural monopoly market? I get the point about conflicts with... login to read the rest view available tags