Concentration of media ownership
Tue, 21 Apr 2015 21:07:24 -0700
In reality, markets are human institutions always backed up by some kind of rules and they can be prone to various kinds of inefficiencies, failures and meltdowns, ranging from imperfect competition (think company store) to information asymmetries ...
Thu, 05 Mar 2015 12:03:45 -0800
It is not news that solar prices are dropping fast, but its high price variability means that not everyone can get a good enough deal to make a rooftop system economic. In 2013, the cheapest 20% of solar systems sold at less than $3.90 per watt and ...
Wed, 21 Jan 2015 08:55:31 -0800
Imperfect regulation may easily be worse than imperfect competition." Under net neutrality, Owen said, Internet service providers are unlikely to offer costly service improvements to anyone if they cannot recover the costs. "At least on the surface, it ...
Fri, 28 Nov 2014 08:30:00 -0800
The real challenge here isn't to figure out the best way to regulate cable and phone companies in an environment of constrained capacity and imperfect competition, which is what net neutrality is meant to do. As we should have learned from years of ...
Mon, 13 Oct 2014 04:48:45 -0700
This prize though is all about the exploration of what happens when we do have that imperfect competition. If we've, say, either a monopolist or a few large companies (an “oligopoly” in the jargon) then what is it that we should be doing about this ...
Wed, 04 Mar 2015 04:00:00 -0800
In fact, there are thousands of monopoly markets, and as such, imperfect competition, and no true product substitution for many trips." Airline mergers differ from other travel mergers: Acquired brands continue operating under their own names in other ...
New York Times (blog)
Tue, 14 Oct 2014 09:30:00 -0700
And yet you do want to model the economy, to think about stuff – and sometimes that stuff can't be modeled without addressing imperfect competition. That was very much the case in my home field of trade, where even trying to model the role of ...
Thu, 25 Sep 2014 10:30:18 -0700
Economics professors should make the study of imperfect competition – and of how people act in conditions of uncertainty – the starting point of courses, not an afterthought. Mathematical models ought to keep their place, so long as their results are ...
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