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Luxury resale volume and composition shifted during the COVID-19 tourism shock, but co-purchase network tests were inconclusive and construction-sensitive
Japan's 2020 tourism shock coincided with 27% fewer buyers and 35% lower gross merchandise value at one second-hand luxury resale intermediary. We compared 2019 and 2020 co-purchase projections of recorded brand labels with a Holm-corrected battery of five label-invariant metrics and Portrait Diverg
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