Market failure
In economics, 'market failure'is a situation in which the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participa...
Is It Time to Break Up Google?
Let’s face it: The biggest tech companies are monopolies.
CORPORATE FASCISTS: Google Fires Employee Who Wrote 10-Page Memo Critiquing Company's Leftist Monopoly
The Google Revolutionary Brigade has reportedly offed an anonymous employee who had the temerity to pen a 10-page memorandum suggesting that Google’s diversity policies were based on bad science and w...
Herman Cain Comes Forward To Expose NASTY Truth Behind Epi-Pen Scandal
There is the free market, and then there is the government manipulated free market. One is based purely on supply and demand while the other picks winners and losers and provides advantages to the con...
Uber's Self-Driving Cars Will Pick Up Their First Customers This Month
Uber's self-driving taxis will get their first real-world test in Pittsburgh this month, with the semi-autonomous vehicles assigned at random to customers using the company's app. According to a r...
Bayer-Monsanto Merger Is 'Five-Alarm Threat' To Food And Farms: Legal Experts
A new legal opinion penned by two former Justice Department officials bolsters warnings that the proposed merger between agroindustrial giants Bayer and Monsanto "is a five-alarm threat to our food su...
Uber Drivers Remain Independent Contractors As lawsuit Settled
Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ride-hailing service to keep its California and Massac...
The Problem With Profits | Big Firms In The United States Have Never Had It So Good. Time For More Competition.
AMERICA used to be the land of opportunity and optimism. Now opportunity is seen as the preserve of the elite: two-thirds of Americans believe the economy is rigged in favour of vested interests. And ...
Tragedy of The Commons - YouTube
Jun 29, 2011 ... People living together must find some way to preserve common resources. Unfortunately, there are strong incentives for people to exploit these ...
Market power
In economics and particularly in industrial organization, market power is the ability of a firm to profitably raise the market price of a good or service over marginal cost. In perfectly competitive m...
Monopoly
A monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell)) exists when a specific person or enterprise is the only supplier of a particular commodity (this contrasts with a mono...
Monopoly - Wikipedia
Monopsony
In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market form in which only one buyer interfaces with would-be sellers of a particular product.Th...
Monopsony - Wikipedia
Oligopoly
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition a...
Oligopoly - Wikipedia
Oligopsony
An oligopsony (from Ancient Greek ὀλίγοι (oligoi) "few" + ὀψωνία (opsōnia) "purchase") is a market form in which the number of buyers is small while the number of sellers in theory could be large. Th...
Public good
In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availabi...
Public good - Wikipedia
Natural monopoly
A natural monopoly is a monopoly in an industry in which it is most efficient (involving the lowest long-run average cost) for production to be permanently concentrated in a single firm rather than co...
Natural monopoly - Wikipedia
Externality
In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit.For example, manufacturing activities that cause air pollution impose health ...
Externality - Wikipedia
Bounded rationality
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the information they have, the cognitive limitations of their minds, and the time available to mak...
Information asymmetry
In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. This creates an imbalance of po...
Government failure
Government failure (or non-market failure) it is a term or word of art in regulation referring to imperfection in government performance. The phrase "government failure" emerged as a term of art in th...
Austrian School
The Austrian School is a school of economic thought that is based on methodological individualism. It originated in late-19th and early-20th century Vienna with the work of Carl Menger, Eugen von Böh...
Austrian School - Wikipedia
Marxian economics
Marxian economics or the Marxian school of economics refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and...
Anti-competitive practices
Anti-competitive practices are business, government or religious practices that prevent or reduce competition in a market (see restraint of trade).These can include:Also criticized are:
It is usua...
Competition law
Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcemen...
Competition law - Wikipedia
Tragedy of the commons
The tragedy of the commons is an economic theory by Garrett Hardin, which states that individuals acting independently and rationally according to each's self-interest behave contrary to the best inte...
Tragedy of the commons - Wikipedia
Adverse selection
Adverse selection, anti-selection, or negative selection is a term used in economics, insurance, risk management, and statistics. It refers to a market process in which undesired results occur when b...
Is It Time to Break Up Google?
Let’s face it: The biggest tech companies are monopolies.
Anti-siphoning law
Anti-siphoning laws and regulations are designed to prevent pay television broadcasters from buying monopoly rights to televise important and culturally significant events before free-to-air televisio...
Bertrand competition
Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900). It describes interactions among firms (sellers) that set prices and their cust...
Bertrand competition - Wikipedia
Bayer-Monsanto Merger Is 'Five-Alarm Threat' To Food And Farms: Legal Experts
A new legal opinion penned by two former Justice Department officials bolsters warnings that the proposed merger between agroindustrial giants Bayer and Monsanto "is a five-alarm threat to our food su...