Monopoly

Yes sir, yes sir, 20,000 bags full.

Tuesday, April 22, 2008
by Arthur Ma

They’d be in Milan too. Following on from the Terminal 5 fiasco, the Competition Commission has been triggered to publish a damning “emerging thinking” report on the (in)competence of BAA’s airport monopoly. It criticises them for “failing airlines and customers” and may eventually lead to the forced sale of several airports.

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Revision: Natural Monopolies

Thursday, April 17, 2008
by Geoff Riley

This revision note is aimed at A2 economics students and those studying for the International Bacc. It looks at the idea of a natural monopoly and considers examples of industries with characteristics of natural monpoly in Britain and how competition policy has sought to oversee efficiency and welfare for producers and consumers.

Revision note:
Revision_Natural_Monopoly.pdf

Learning Lessons from: Cento Veljanovski

Sunday, March 09, 2008
by Arthur Ma

On Wednesday, Cento Veljanovski spoke at the Institute of Economic Affairs on the topic of “Catching Cartels”. Dr. Veljanovski is the Managing Director of Case Associates and an IEA Fellow in Law & Economics. He has been selected as one of the “most highly regarded” competition economists globally and one of the top five in Europe by the 2006 Global Competition Review survey. 

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