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Is competition always good?

CAMBRIDGE    Ask any economist whether competition is always a good thing, and the answer will be a resounding yes. After all, competition powers what the late William Baumol termed the “innovation machine” of the modern market economy. ....

United States , United Kingdom , Maurice Stucke , Ariel Ezrachi , Nadine Dorries , Diane Coyle , Kaushik Basu , William Baumol , University Of Cambridge , University Of Oxford , University Of Tennessee , It Should Be Princeton University , Competition Overdose , For Ezrachi , Kingdom Culture Secretary Nadine Dorries , Public Policy , What It Should , Princeton University Press , Project Syndicate ,

Winner takes all - Is competition between business mode...

The winner-take-all nature of digital markets means that dominant firms charging a zero price to consumers can maintain large-scale lossmaking operations for many years. This makes it difficult, if not impossible, for start-ups with other business models, such as one based on subscriptions, to. ....

United States , United Kingdom , Maurice Stucke , Ariel Ezrachi , Nadine Dorries , Kaushik Basu , William Baumol , University Of Oxford , University Of Tennessee , Competition Overdose , For Ezrachi , Kingdom Culture Secretary Nadine Dorries ,