Maximizing Profit Under Monopoly
05 Dec 2016 Leave a comment
in applied price theory, entrepreneurship, industrial organisation Tags: creative destruction, monopoly pricing
A good summary of competition law
26 Oct 2016 Leave a comment
in industrial organisation, law and economics, survivor principle Tags: cartels, competition law, monopoly pricing, predatory pricing
Source: CONVERSABLE ECONOMIST: When Antitrust Runs Amok: Bulletin Board Material via Anti-Dismal: When antitrust runs amok: bulletin board material
Why are there too many castles on the Rhine river?
09 Jul 2016 Leave a comment
in applied price theory, industrial organisation Tags: competition and monopoly, monopoly pricing
Queenstown airport night flights another blow to the @WLGAirport runway extension? @JordNZ
01 May 2016 Leave a comment
in transport economics Tags: monopoly pricing, natural monopolies, network industries, rate of return regulation
Queenstown airport has been upgraded to allow for night flights and more international flights. Yet another airport to compete for traffic with the Wellington airport and its $300 million runway extension.
Little wonder the New Zealand-based airlines see this extension is no more than gold plating of the Wellington airport where landing fees will go up to cover this over-capitalisation for little return in value. Over-capitalisation or gold plating is a common way of getting around rate of return regulation of monopolies.

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