Category: Competition

This article has written about the origins and development of European competition policy. Many claim that German ordoliberal ideas were the guiding force, but a careful examination of the problem reveals that France and the United States played a crucial role in implementing the most supranational of all European policies. It can be concluded that…

This article has written about the origins and development of European competition policy. Many claim that German ordoliberal ideas were the guiding force, but a careful examination of the problem reveals that France and the United States played a crucial role in implementing the most supranational of all European policies. It can be concluded that…

Introduction Competition is a divisive subject which has led to differing approaches to how it is modelled. The most widely accepted is the neoclassical view, which argues the benchmark is perfect competition, equilibrium is market clearing and pareto efficient. Market clearing is where the demand for goods equals the supply of goods so that there…

Understanding Monopolistic Competition in Fashion Monopolistic competition, by definition, is when an industry has many firms that offer similar products and services but not completely identical or the perfect substitute. In monopolistic competition, there are not many barriers to exit or enter making it easy for many firms to sweep into the market and offer…

Introduction In 1956 Charles Tiebout in his article A Pure Theory of Local Expenditure introduced the notion that decentralization leads to superior variation in the provision of local public goods (goods that are tailored to better suit local population). He introduced the Tiebout model, a model that seeks to attest that decentralization is the solution…

1. Introduction We were all accustomed to the traditional taxi services, but this sector was not showing signs of evolution and users have to accept the service as it is. Then, the situation changed when online-enabled car transportation service like Uber appeared. Uber provides a service, which connects drivers with passengers by using a mobile…

Amazon is considered to be the biggest e-commerce platform that specializes in online retail, cloud computing, digital content and competes in thirty other industries. Amazon was established by Jeff Bezos on July 5, 1994, and began its venture as an online book shop, however later it extended to selling video/music content, computer games, hardware, clothing,…

Introduction An article published on 20 February 2019 by the Guardian discusses the concerns associated with the merger of two supermarket giants, ASDA and Sainsburys. The article resolves around Competition and Markets Authority (CMA) finding extensive competition concerns while investigating the proposed deal. Media has raised an issue concerning consumers and welfare, which are threatened…

As I walk out the door into the courtyard, Im caught off guard by the blaring sun. Its summertime. The grass is vivid and freshly cut. Birds can be heard chirping in the distance. There are no clouds in sight, giving way to scalding temperatures. And, on that day, one that seemed like the hottest…

Introduction The Cartel has been defined as the supreme evil of antitrust shaking the foundations of an ethical structure of the existing competition in the market. In 1996 the European Union introduced the concept of the leniency programme to ease the Commissions burden and time in detecting cartel. Leniency programme gives immunity or discount in…