Tag: Competition

The Reform of Banking Regulation We should spend less time trying to ensure that our regulators can regulate financial behemoths with turnovers bigger than the...

The benefit of road improvements is principally the reduced time and strain on private motorists, not the economic advantages to road transport operators: that lesson should influence the way we plan our road networks. Fast roads for light traffic are much cheaper to build than superhighways.

A licence-fee-based BBC was the guarantor of quality television in a monopoly market. But a licence-fee-based BBC is now the main obstacle to quality television in a competitive market.

Regulatory agencies often come to see their functions through the eyes of those they regulate. The label for this process is regulatory capture.

Dominance of an industry or activity is not the same as scale. International trade is conducted by individuals and businesses, not governments, and it is them, who negotiate the division of the value added trade creates.

I do not think children should be taught that greed is the most powerful human motivation. The people who are most successful in business in the long run are people who are passionate about business, not money.

Few things corrode business efficiency and effective markets more insidiously than the discovery that it is more profitable to win the favour of politicians than to win the approval of customers.

Commercial and economic success, even in technological industries, depends not on the quality of technology, but on the match between technology and the needs of its customers.

The present systems of ticket allocation have much more to do with the maintenance of networks of patronage than the carefully targeted allocation of seats to “genuine fans”.

There are historic lessons to be learnt from the recent high definition format war: the importance of the installed base and the unpredictability of consumer markets.