winner-takes-all markets

Winner-takes-all markets refer to situations where a small number of top competitors dominate, capturing the majority of rewards, customers, or profits, while others receive little or nothing. This often occurs in industries with high barriers to entry, network effects, or where success leads to exponential advantages. Examples include tech platforms, entertainment awards, or online marketplaces. Essentially, the best performer or company gains most of the benefits, making the competition intensely concentrated at the top.