Tag: Industry Analysis
A waiter calls the top of the property market
A revealing dinner party conversation on house prices.
It pays churches to have faith in markets
The analogy between Wal-Mart’s competition for customers and Southern Baptists' for adherents, reveals some interesting insights.
Survival of the fittest not the fattest
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 high cost of ICI’s fall from grace
The fate of ICI demonstrates how the market disciplines unsuccessful choices of strategy; in the case of ICI it is almost unfortunate that it does so.
Mario Monti’s parallel universe
The European Commission was severely rebuked by the Court for its refusal to allow Airtours to acquire First Choice. But the verdict of the marketplace, in which Airtours is in desperate straits while First Choice has gone from strength to strength, confirms the wisdom of the Commission's decision: rarely has an anti-trust agency been so comprehensively vindicated by subsequent events.
Britain counts the cost of wasted energy
With one short sentence uttered in 1965, Fred Lee, then Britain's minister for power, encapsulated the government's hopes of providing the country with cheap...
Failure by consensus
Before ITV Digital, there was Taurus, EFTPoS and BSB. Each of these schemes failed because the problems of decision making and responsibility in industry-wide schemes was not tackled successfully.
A financial disservice
If the government wants people to save more it will have to look beyond first year economics. Full information and homogenous products are no antidote to imperfect human nature
A missing element
Airtour's landmark victory against the European Competition Commission signals the need for a reform of the system. More funding, and a rethink of what cases should be sent to Brussels are essential
Rivalry keeps an industry vibrant
The proposed merger between Go and Easyjet has provoked minimal controversy. This belies the important questions it poses for the future of competition policy.