Aftermarket (merchandise)

Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment).[1][2][3] In many industries, the primary market consists of durable goods, whereas the aftermarket consists of consumable or non-durable products or services.[4]

In the moment, aftermarket goods mainly include products and services for replacement parts, upgrade, maintenance and enhancement.[3][5]

  1. ^ Vootman, John J (1993). "curbing aftermarket monopolisation". J. Legis.
  2. ^ Waldman, Michael (2003-01-01). "Durable Goods Theory for Real World Markets". The Journal of Economic Perspectives. 17 (1): 131–154. doi:10.1257/089533003321164985. JSTOR 3216843.
  3. ^ a b Carlton, Dennis W.; Waldman, Michael (2010-04-01). "Competition, Monopoly, and Aftermarkets". Journal of Law, Economics, and Organization. 26 (1): 54–91. doi:10.1093/jleo/ewp006. hdl:10419/262566. ISSN 8756-6222. S2CID 12821661.
  4. ^ Cabral, Luis M. B. (2008-04-01). "Aftermarket Power and Basic Market Competition". hec.ca. SSRN 1281912.
  5. ^ Blume, Lawrence E; Durlauf, Steven N, eds. (2012). The New Palgrave Dictionary of Economics, 2012 Version. doi:10.1057/9781137336583. ISBN 9781137336583.