Business Economics for Econ3
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Revenue Maximisation? Amazon reports increased losses

Revenue Maximisation? Amazon reports increased losses | Business Economics for Econ3 | Scoop.it

Via Matt Smith
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Matt Smith's curator insight, October 24, 2014 4:52 AM

Amazon may be a Monopoly but they clearly are more interested in Revenue maximisation and increasing Market Share. They make very little or no profit as they sell many products at a loss and invest large sums in new products and distribution.

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Oligopoly: The death of the weekly shop

Oligopoly: The death of the weekly shop | Business Economics for Econ3 | Scoop.it

Via Phil Hensman, Matt Smith
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Phil Hensman's curator insight, October 6, 2014 3:15 AM

Brand loyalty, one of the keys to maintaining oligopolistic power, can be eroded away... Use this as an example of increasing contestability

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Non Price Competition: Morrisons pins hopes on loyalty card

Non Price Competition: Morrisons pins hopes on loyalty card | Business Economics for Econ3 | Scoop.it

Via Matt Smith
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Growth of firms: Thai tuna firm nets Norwegian rival

Growth of firms: Thai tuna firm nets Norwegian rival | Business Economics for Econ3 | Scoop.it
The world's biggest producer of canned tuna, Thai Union Frozen Products, is buying Norwegian seafood firm King Oscar for an undisclosed sum.

Via Phil Hensman, Matt Smith
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Non Price Competition: Nike v Adidas: The battle of the kit makers

Non Price Competition: Nike v Adidas: The battle of the kit makers | Business Economics for Econ3 | Scoop.it

Via Geoff Riley, Matt Smith
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Geoff Riley's curator insight, August 15, 2014 3:03 PM

Fantastic applied example of non-price competition / battle of the brands in this oligopolistic industry

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Non Price Competition: Nike v Adidas: The battle of the kit makers

Non Price Competition: Nike v Adidas: The battle of the kit makers | Business Economics for Econ3 | Scoop.it

Via Geoff Riley, Matt Smith
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Geoff Riley's curator insight, August 15, 2014 3:03 PM

Fantastic applied example of non-price competition / battle of the brands in this oligopolistic industry

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Energy companies face break-up threat over high profits and prices - Telegraph

Energy companies face break-up threat over high profits and prices - Telegraph | Business Economics for Econ3 | Scoop.it
Regulator Ofgem refers energy sector for full Competition and Markets Authority investigation after finding competition is not working as well as it could
Mr Jackson's insight:

Excellent article for application, analysis and evaluation of areas of business economics for econ3

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Thousands queue for chance to work at Aldi - Telegraph

Thousands queue for chance to work at Aldi - Telegraph | Business Economics for Econ3 | Scoop.it
Job seekers turned up three hours early to queue for the chance to be interviewed for a job at a supermarket chain in Shropshire
Mr Jackson's insight:

Some good material here for knowledge and analysis of labour markets.  Could Aldi be classed as a monopsony?

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Unit 3 Micro: Monopolistic Competition

Unit 3 Micro: Monopolistic Competition | Business Economics for Econ3 | Scoop.it
This is an updated revision presentation on aspects of monopolistic competition in markets.

Via Geoff Riley
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For help with your revision

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Premier League aims to pit BSkyB against BT in early TV rights sale - Telegraph

Premier League aims to pit BSkyB against BT in early TV rights sale - Telegraph | Business Economics for Econ3 | Scoop.it
Premier League suspected of “opportunism” in attempting to exploit the fierce competition between BSkyB and BT
Mr Jackson's insight:

Business economics in action - Game theory and the behaviour of firms in this type of market.  How contestable would you consider this market to be?

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Energy Regulator Moves To Protect Fixed Rates

Energy Regulator Moves To Protect Fixed Rates | Business Economics for Econ3 | Scoop.it
The energy regulator has confirmed new rules governing fixed rate energy deals while announcing an £8.5m penalty against ScottishPower over misleading sales techniques.
Mr Jackson's insight:

The role and impact of a regulator

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Half of Tesco bread never eaten - Telegraph

Half of Tesco bread never eaten  - Telegraph | Business Economics for Econ3 | Scoop.it
Almost half of all bakery items in Tesco are thrown away either in-store or by the consumer, figures from the company reveal.
Mr Jackson's insight:

An example of how there can be efficiency issues in a market which is considered to be a contestable market

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Japan car parts firms hit with fine

Japan car parts firms hit with fine | Business Economics for Econ3 | Scoop.it
Nine Japan-based firms and two executives are fined $740m by US regulators for conspiring to fix the price of car parts.
Mr Jackson's insight:

Price fixing and collusion in the US. 

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Oligopoly: Moody's report makes grim reading for Big Four supermarkets

Oligopoly: Moody's report makes grim reading for Big Four supermarkets | Business Economics for Econ3 | Scoop.it
Despite having to cut prices, Tesco, Sainsbury’s and Asda will continue to lose market share to the discounters

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Matt Smith's curator insight, October 24, 2014 4:40 AM

So much in this. Essential reading.

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Oligopoly: Supermarkets launch petrol price cut

Oligopoly: Supermarkets launch petrol price cut | Business Economics for Econ3 | Scoop.it

Via Phil Hensman, Matt Smith
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Phil Hensman's curator insight, September 30, 2014 2:06 AM

Oligopolistic market; Interdependence, Bottom half of the kinked demand curve

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Takeovers: Microsoft buys Minecraft for $2.5bn

Takeovers: Microsoft buys Minecraft for $2.5bn | Business Economics for Econ3 | Scoop.it

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Matt Smith's curator insight, September 15, 2014 3:10 PM

Why do you think Microsoft have bought Minecraft?

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Increased Contestability: Big six energy firms lose customers

Increased Contestability: Big six energy firms lose customers | Business Economics for Econ3 | Scoop.it

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Increased Contestability: Big six energy firms lose customers

Increased Contestability: Big six energy firms lose customers | Business Economics for Econ3 | Scoop.it

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Vodafone to open 150 new stores and create 1,400 jobs - Telegraph

Vodafone to open 150 new stores and create 1,400 jobs - Telegraph | Business Economics for Econ3 | Scoop.it
Retail expansion to reduce reliance on Carphone Warehouse
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Small firms urge break-up of Big Six energy giants - Telegraph

Small firms urge break-up of Big Six energy giants - Telegraph | Business Economics for Econ3 | Scoop.it
Federation of Small Businesses and Which? want full inquiry into energy market
Mr Jackson's insight:

Another news story regarding competition in the energy market.  How contestable is the energy market? 

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Price war fears wipe £2bn off value of UK supermarkets

Price war fears wipe £2bn off value of UK supermarkets | Business Economics for Econ3 | Scoop.it
Traders fears Tesco and Sainsbury's will be forced to follow Morrisons' lead and slash prices
Mr Jackson's insight:

Oligopoly theory in action

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Oligopoly price wars - who will be the winner?

Two useful articles about the news that Morrisons have a £176m pre-tax loss for the year to February 2, and the strong impact that their plans to compete hard with the discount retailers has had on the stock market value of Tesco and Sainsburys. We often cite the UK supermarket.

Via Geoff Riley
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Tax profiteering energy companies, Sir John Major tells George Osborne - Telegraph

Tax profiteering energy companies, Sir John Major tells George Osborne - Telegraph | Business Economics for Econ3 | Scoop.it
Energy companies which are pushing through large increases in power bills for millions of households should be hit by a windfall tax, says Sir John Major
Mr Jackson's insight:

Lots of areas for analysis and evaluation with these articles on the energy companies and their price increases.  In this one you can look at the impact of this type of government intervention and whether or not government failure may occur as a result.

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Heathrow: we are not 'ripping off' airlines and passengers - Telegraph

Heathrow: we are not 'ripping off' airlines and passengers - Telegraph | Business Economics for Econ3 | Scoop.it
Heathrow defends airport price rises as it unveils a sharp jump in revenue and profits.
Mr Jackson's insight:

An example of a monopoly in action?  I wonder why they feel they can increases landing charges??  I also wonder if these landing fees will be passed onto consumers??

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Energy bills soar above £1,500 for the first time as Npower unveils 10.4 per cent increase - Telegraph

Energy bills soar above £1,500 for the first time as Npower unveils 10.4 per cent increase - Telegraph | Business Economics for Econ3 | Scoop.it
Average annual gas and electricity bills will top £1,500 for the first time after Npower today became the third energy giant to announce an inflation-busting winter price rise for millions of households.
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