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The roots of pluralism

Dominant companies may confer marginal benefits to consumers that are difficult, if not impossible, to estimate. However, antitrust authorities will do little wrong if they stick to the underlying principles of competition policy.

Shock of the new

Not all business strategy problems have answers, including those of BT, as Sir Christopher Bland will find when he takes over.

Where size is not everything

Concentration in the car industry is increasing as the market goes global: a common story, and an untrue one.

The key to the banks

Great size is a warning of trouble ahead in the banking industry; and the trouble may be for the taxpayer as much as the shareholder.

Size and Scale 3: Size does not guarantee survival

If there is not much evidence to support the view that large firms outperform small, or that industrial structures are becoming more concentrated, why do so many people still believe these things are true?

Size and Scale 2 (with Leslie Hannah): Myth of critical...

Despite beliefs about the inevitability of size and concentration, and despite vigorous efforts to make them come true, the share of large firms in total output is not going up.

Size and Scale 1: Gigantic misconceptions

Never has the cult of gigantism gone so far. But what are the real advantages to scale?

A world of difference

While accounting firms are “going global”, their rationale for doing so does not apply to other industries.

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