Tag: Concentration

The increased concentration of the car industry has been a commonly used, yet increasingly untrue example on the effects of globalisation. There is still an important lesson to learn though.

The biggest universities in the world are clearly not the best. So why do some British universities think that mergers will make them world class?

The proposed merger between Go and Easyjet has provoked minimal controversy. This belies the important questions it poses for the future of competition policy.

Books that John has reviewed in the past...

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.

Efficient markets make money for market participants, but not for market makers. That is something the enthusiastic promoters of B2B exchanges have yet to understand.

Whose interests are served by waves of mergers and demergers?

Pfizer, Warner-Lambert and American Home Products are flirting with each other - but does it really make sense to talk about a “market for pharmaceuticals”?

George Westinghouse was a titan of American industry. Like Bill Gates, he made a fortune by controlling a vital standard. He also lost a large one by overextending himself.

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