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An economist tackles the notion that competition law is about protecting consumers.
Notes economics views competition as being predominantly about "efficiency".
"You can't talk about competition without talking about power and dominance"
Keep your eyes on @RobinShaban, people.
Notes economics views competition as being predominantly about "efficiency".
"You can't talk about competition without talking about power and dominance"
Keep your eyes on @RobinShaban, people.
You *live* this, but not often taught.
Pricing strategies among a small number of players in a market often devolve into collusion. (Think telcomm; grocery stores and bread prices; oil)
Not just abt consumer choice, but standards and scrutiny for incumbents and *new* entrants.
Pricing strategies among a small number of players in a market often devolve into collusion. (Think telcomm; grocery stores and bread prices; oil)
Not just abt consumer choice, but standards and scrutiny for incumbents and *new* entrants.
Market structure and market share is part of competition-restricting practices, but proving *illegality* requires proving a merger/accelerating market share leads to price increases or undermines innovation. Hard to show evidence, as allegation is the this is *going* to happen.
