4 ms·

Please point us to these lots of cases

• nickik 9y ago
  The US post office. Unit Banking Regulation. The New Deal had a ton of cartelization policies (read any book on the new deal). US policy created and enforced Rail road cartels. Government monopoly or government protect monopoly for alcohol or gambling is very common in many states. There are tons of monopolies granted to telecommunications companies. Other forms of local infrastructure monopolies are also often granted. There is literally huge list, history of economic is full of it. Its very hard to find real market monopoly that had high prices, but government enforcement of monopoly or cartel are common. You can go back to Britain when parliament established itself, one of their action was to take away the Kings privilege to sell monopolies. Granting of monopoly rights and enforcing cartels is a extremely common government activity.
  • jamespo 9y ago
    Ignoring prices, what do you think about when a company uses a dominant market position in one area to establish one in another, eg Microsoft in 90s/early 00s?
    • nickik 9y ago
      That can happen but it also makes the company more venerable. They tie the success of all product to the same revenue stream. Its a legit strategy but I don't think it wins in the long run. Microsoft is a perfect example where they no longer bundle many products. Its annoying for individual fans of the fields but it can is also is very, very unlikely to actually lead to market centralisation in the Marxist sense. Specially if you are looking at long run dynamics.