Market Structures

Investigation shows scale of big food corporations’ market dominance and political power

WASHINGTON (AP) — President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition."

If Tony Soprano were driving in 2021… he’d pull up in a Volkswagen. European antitrust regulators fined Volkswagen and BMW more than $1B – about...

The cost of electricity from solar PV plants has decreased by 90% since 2009, highlighting the rapidly changing economics of electricity production.

Major retailers are suing amid a Justice Department investigation.

After years of a simmering “techlash” on Capitol Hill, this is the biggest effort yet to make Big Tech into Still Big But Slightly Smaller Tech

PARIS (AP) — Google is being fined 220 million euros ($268 million) by France’s antitrust watchdog for abusing its ‘dominant’ position in online advertising. The search engine giant is also promising to overhaul the way its platform is used for buying and selling digital ads, at least in France, which could have repercussions on its ongoing legal fights with regulators elsewhere in Europe, the U.S.

Local pharmacies are an integral piece of a community's public health system. Right now, as we deal with an overburdened health care delivery system, our health and well-being are top of mind. Local pharmacies offer something that nobody else can: trusted, personalized care, unlike many big-brand…

On Wednesday, the Biden administration threw its support behind a waiver

Attorney General -

If you've been ordering food online since the start of the pandemic, you may have noticed a bunch of new restaurants in your area that suddenly appeared. Let's look at the economics of ghost kitchens.

Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. The deal, valued at $5.3 billion at the time of its announcement, first broke cover on January 13, 2020, or nearly one year ago to the day. However, the Department of Justice filed suit […]

Michigan regulators on Thursday approved a $100 million electric rate hike for Consumers Energy, authorizing the state's second-largest utility to bill the average residential customer about $9 more per month starting in January.The increase for residents is nearly 12 percent after factoring in…

The lawsuit marks the first major antitrust litigation against a technology company since the DOJ's case against Microsoft in the late '90s.

The lawsuit is yet another legal battle for Google, embroiled in state and federal antitrust scrutiny.

German sportswear maker Adidas AG said on Monday it is considering strategic options, including a potential sale, for Reebok, 15 years after it bought the U.S.-focused brand to take on archrival Nike Inc on its home turf.

The government wants to break up the world’s biggest social network. Internal company emails show why.

‎Show Think Like An Economist, Ep Market Power - Why businesses charge more - Dec 7, 2020

We can find some clues to how the shutdown might end in game theory, which uses math to map out how players and their strategies evolve in the real world.

Recent reports and studies suggest that the outsized political power of hospitals is a big reason why American health care is so expensive.

Publishers say digital options make textbooks cheaper. Affordability advocates say it increases their stranglehold on the market.

With the help of statistics and economist, Ignacio Palacios-Huerta (who studied more than 11,000 penalty kicks), we take a look at why penalty shootouts are so unfair to the goalies and what can be done about it.

Current Topic: Oligopoly Previous Topics Connected: none Future Topics Foreshadowed: none Article Name: Why penalty kicks are so unfair to the goalie – according to an economist Link: https://mru.io/watchb6119 Description: Goalkeepers have just 0.4 seconds, the time it takes you to blink, t...

How can you win a race by going slow? Check out the following video from the World Cup 2012 Individual Sprint Track Cycling (similar scenes can be found at the Olympics). The two cyclists, some of the fastest riders in the world, start out by going as slow as possible, almost like something out of Monty […]

This video uses game theory to solve a simple problem. Bob and Al are magicians. They’ve agreed to only perform one show per week and each earn $10,000. But ...

Oligopoly and game theory 1. Carlise and Mary are the only two editors of mystery novels in the city of Readville. If Carlise and Mary collude to earn more profits, they would: a) each reduce the number of books published and raise prices.*** b) each reduce the number of books published an...