Monopoly power at the station car park

You have just parked your car at the station only to discover that the parking fee has risen 19%, significantly higher than the RPI and CPI rates of inflation.

A short video clip which highlights monopoly power, loss of consumer surplus, producer surplus, price discrimination, pressure groups and normative economics, and lack of intervention from the goverment.

BMW - Bavarian Monopolist at Work [24 May 2012]
Royal Mail’s refusal to supply [13 Apr 2012]
Unit 3 Micro: Revision on Entry Barriers [10 Apr 2012]
Unit 3 Micro: Revision on Price Discrimination [9 Apr 2012]
Unit 3 Micro: Revision on Monopoly Price and Output [6 Apr 2012]
Unit 3 Micro: Monopoly and Economic Welfare [6 Apr 2012]
Unit 1 Micro: Revision on Producer Surplus [4 Apr 2012]
Russia’s monopoly power over gas supplies [5 Feb 2012]
Keeping it local [24 Nov 2011]
Analysis and evaluation - do monopolies always make supernormal profits? [21 Nov 2011]
Pasty Prices - Something to Chew Over [19 Nov 2011]
Unit 3 Micro: Time of Use Pricing for Energy [2 Nov 2011]
Unit 3 Micro: Examples of Price Discrimination in Action [31 Oct 2011]
Unit 3 Micro: Price Discrimination in the E-Book Market [31 Oct 2011]
Putting the “discrimination” into price discrimination! [26 Sep 2011]
A2 Micro: Price Discrimination [19 May 2011]
A2 Micro: Consequences of Price Discrimination [19 May 2011]
A2 Micro: Examples of Price Discrimination [19 May 2011]
AS Micro Revision: Market Power [21 Apr 2011]
Timetric: Price convergence within the EU [13 Mar 2011]
Consumer surplus from the web! [18 Jan 2011]
Cashing in on pricing errors? [27 Nov 2010]
Profit margins for ticket touts [23 May 2010]
Unit 3 Micro: Efficiency and Price Intervention in Markets [21 May 2010]
Price discrimination - Tesco and One Stop [22 Mar 2010]
Revision Presentation - Positive Externalities [23 Feb 2010]
Supermarkets accused of price gouging [13 Feb 2010]
Price comparison sites… [29 Nov 2009]
Airlines scramble to find new revenue streams [7 Oct 2009]
How a television monopoly ended in mediocrity [25 Jun 2009]
Revision - Price Discrimination (presentation) [26 May 2009]
Revision: Moving Away from Profit Maximisation [10 May 2009]
Positive Price Discrimination at South Africa 2010 [10 Mar 2009]
Is haggling making a comeback? [13 Dec 2008]
Get me to pay day - ok - but it will cost you 1500% [28 Jul 2008]
Revision: Business Pricing Strategies [13 Apr 2008]
King sized rates for UK hotels [16 Mar 2008]
Wi-Fi and Consumer Surplus [24 Feb 2008]
Popcorn and price discrimination [24 Feb 2008]
All aboard - can Grand Central stay on the rails? [14 Feb 2008]

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