Monopoly
Economic Issue
Peers to get GBP3,000 'pay rise' in new plan to help 'restore public confidence' after expenses scandalLiberal Democrat MP Norman Baker said: 'This is the equivalent of turning up, passing go and collecting GBP200 in House of Lords monopoly. It is quite clear from both the European Commission and the House of Lords that people are... In this article: House of Lords, Gordon Brown, and Monopoly |
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washingtonpost.com | 3 days ago
Post Tech explains Google's revised book settlement: video
...flaws. Despite Google's effort to spin this deal, it does nothing to promote competition nor does it reform Google's exclusive access and monopoly hold on this digital database of books," said Gary Reback, co-chair of the group, in a...
In this article: Google, Denny Chin, Internet Archives, Google Book Search, Authors Guild, Association of American Publishers, and Amazon
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Telegraph.co.uk - Business | 5 days ago
The dotcom giants then and now
Microsoft By 2000, software producer Microsoft had grown so rapidly since its launch in1975 that it had already been declared an 'abusive monopoly' following the hugely successful launch of its updated Windows operating system. Despite a...
In this article: Google, Microsoft, Yahoo, AOL, Warner Bros, Time Inc, Sergey Brin, Larry Page, and Time Warner
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WSJ.com: Markets | 7 days ago
EU Steps Up S&P Monopoly Inquiry on Cusips
...spokesman Jonathan Todd. The case also highlights splits in European and U.S. antitrust policy. The Supreme Court has ruled that a monopolist can charge any price it wants without violating the antitrust laws. The European Union can declare a...
In this article: Standard & Poor's, European Union, U.S., All rights reserved, Thomson Reuters Corp., Dow Jones & Company, Inc., and Supreme Court
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washingtonpost.com | 7 days ago
AT&T's top lobbyists tell FCC to punish Google Voice
...some form of reasonableness limitation would be more restrictive than the prohibition against "unreasonable discrimination" adopted for monopoly-era telephone companies in the Communications Act of 1934. And in a meeting with FCC chief...
In this article: AT&T, FCC, Google, and Communications Act of 1934
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Reason Magazine - Hit & Run | 7 days ago
Munchies Monopolists
In theory, antitrust is there to prevent big businesses from grabbing too much market share. In practice, it can squelch the little guy just as easily as it can lift him up. Here's Jay Hancock, no foe of antitrust in general, on one recent...
In this article: Frito-Lay, Kraft, Potato chip, Garlic, Federal Trade Commission, Monopolist, Pennsylvania, and Triscuit
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FT.com - Financial Markets News | November 19, 2009
EC alleges S&P monopoly abuse
...of the American Bankers Association. In its formal statement of objections, the European Commission alleges that S&P is abusing this monopoly position by forcing financial services companies and information service providers to pay licence...
In this article: Standard & Poor's, Europe, Allegation, Revenue, and Thomson Reuters
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Reuters | November 19, 2009
UPDATE 2-EU says S&P unfairly pricing security tag fees
...as shares or government bonds. On Thursday, the EU's executive arm said it suspected S&P could be abusing this monopoly and gave it eight weeks to respond to the charges. "The Commission's preliminary conclusion is that S&P is abusing...
In this article: Standard & Poor's, EU, Europe, and U.S.
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Telegraph.co.uk - Business | November 19, 2009
EU charges S&P with monopoly abuse
European Union regulators have charged US credit ratings agency Standard & Poor's with monopoly abuse, alleging that the company unfairly demands payment for securities information numbers in databases. Published: 1:13PM GMT 19 Nov 2009
In this article: Standard & Poor's, European Union, Thomson Reuters, McGraw-Hill, US, and New York
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CNET News.com | November 17, 2009
O'Reilly: The Web is at war and it's making me sad
...hope the rest of the industry makes sure it doesn't grow too complacent. So let's get this straight. Monopolies are bad unless they're "nice" ones on behalf of companies that extol the virtues of Razor scooters, wheatgrass smoothies, and...
In this article: Google, Microsoft, CNET, Brewing, Google's Chrome, and Coal
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Kansas City Star | November 10, 2009
EU opens monopoly abuse probe into Thomson Reuters
BRUSSELS EU antitrust regulators said Tuesday that they are investigating whether Thomson Reuters Corp. is breaking monopoly abuse rules by preventing customers from applying their own codes to financial market datafeeds. </p><p>Thomson...
In this article: Thomson Reuters Corp., EU, Reuters, and London
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More on Monopoly
Description from Wikipedia:
In economics, a monopoly (from Greek monos / μονος alone or single + polein / πωλειν, to sell) exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. Monopolies are thus characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods. The verb "monopolize" refers to the process by which a firm gains persistently greater market share than what is expected under perfect competition.
A monopoly must be distinguished from monopsony, in which there is only one buyer of a product or service ; a monopoly may also have monopsony control of a sector of a market. Likewise, a monopoly should be distinguished from a cartel (a form of oligopoly), in which several providers act together to coordinate services, prices or sale of goods. Monopolies can form naturally or through vertical or horizontal mergers. A monopoly is said to be coercive when the monopoly firm actively prohibits competitors from entering the field.
In many jurisdictions, competition laws place specific restrictions on monopolies. Holding a dominant position or a monopoly in the market is not illegal in itself, however certain categories of behaviour can, when a business is dominant, be considered abusive and therefore be met with legal sanctions. A government-granted monopoly or legal monopoly, by contrast, is sanctioned by the state, often to provide an incentive to invest in a risky venture or enrich a domestic constituency. The government may also reserve the venture for itself, thus forming a government monopoly.
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