Blog
Walmart - the social benefits of market power
21st March 2010
A hat tip to Kevin Hinde at Durham for spotting this article in Free Exchange at the Economist
“Wal-Mart clearly has market power, which it occasionally uses abusively, if not necessarily illegally. But sometimes, it uses its market power to accomplish things government entities are unwilling or unable to accomplish—pressing environmental standards on its suppliers, for instance, or reining in abusive lenders.”
A good example to use when evaluating the economic and social welfare aspects of monopoly power
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.