The development of second-hand bookstores has received ample attention in the book
industry. However, research on their operational strategies is still in its infancy, especially
concerning how they compete with new bookstores. We used the Hotelling model to
investigate second-hand bookstores' differentiation strategy. We analyzed how product
mismatch problems and consumer preferences affect bookstores' strategies and profits. We
came to three major conclusions. First, second-hand bookstores can effectively compete …

The development of second-hand bookstores has received ample attention in the book
industry. However, research on their operational strategies is still in its infancy, especially
concerning how they compete with new bookstores. We used the Hotelling model to
investigate secondhand bookstores' differentiation strategy. We analyzed how product
mismatch problems and consumer preferences affect bookstores' strategies and profits. We
came to three major conclusions. First, second-hand bookstores can effectively compete …