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Li Ka-shing to buy O2 for £10bn

Li Ka-shing to buy O2 for £10bn | Econ3 | Scoop.it
Asia's richest person Li Ka-shing confirms his company is offering to buy Britain's second-largest mobile provider O2 for up to £10.25bn ($15.4bn).
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BBC NEWS | Business | Football kit 'price-fixers' fined

BBC NEWS | Business | Football kit 'price-fixers' fined | Econ3 | Scoop.it
An appeals tribunal upholds fines imposed on Man Utd and leading sportswear firms for price fixing on football shirts.
JClegg's insight:

Oligopoly Price Fixing.......and yet another reason to dislike Man Utd!

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Stores 'fixed sports bra prices'

Stores 'fixed sports bra prices' | Econ3 | Scoop.it
The Office of Fair Trading (OFT) accuses three major department stores of colluding with a manufacturer to fix the price of sports bras.
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A* Evaluation: monopoly and supernormal profits

A* Evaluation: monopoly and supernormal profits | Econ3 | Scoop.it

Almost exactly a year ago I blogged on Analysis and Evaluation - do monopolies always make supernormal profits?


Via Matt Smith
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A2 Microeconomics Pricing Power

Revision presentation on aspects of market power - suitable for A2 micro students (My latest upload : A2 Microeconomics Pricing Power on @slideshare http://t.co/y1saYu2c #econ3...)...


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sir linden's curator insight, January 25, 2014 1:25 PM

ECON3 - EFFICIENCY 

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Cost of living higher for the poor: The poor are still paying more for basic utilities and financial services

Cost of living higher for the poor: The poor are still paying more for basic utilities and financial services | Econ3 | Scoop.it

Payment structures and price plans in utilities and financial services continue to inflict higher costs on the poorest in society. Regulators and the government need to do more.


Via Phil Hensman
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Breaking down barriers to entry in a duopolistic market: Will the Boeing and Airbus duopoly crack?

Breaking down barriers to entry in a duopolistic market: Will the Boeing and Airbus duopoly crack? | Econ3 | Scoop.it

Potential challengers to the dominance of Boeing and Airbus are making a big noise in Paris and some people think they may one day break up the duopoly.


Via Phil Hensman
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Ofgem set to shake up energy market

Ofgem set to shake up energy market | Econ3 | Scoop.it
Ofgem sets out new plans to "break the stranglehold" of the big six suppliers in the UK energy market.
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Monopoly Power: How a Single Company Gained a Stranglehold over Online Shopping and the Future of Retail | The Big Picture

Monopoly Power: How a Single Company Gained a Stranglehold over Online Shopping and the Future of Retail | The Big Picture | Econ3 | Scoop.it
Click to enlarge: Source: Institute For Self Reliance...

Via Phil Hensman
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Poverty and inequality: Total UK Wealth Tops £7trn As Rich Get Richer

Poverty and inequality: Total UK Wealth Tops £7trn As Rich Get Richer | Econ3 | Scoop.it

Total household wealth breaks the £7trn threshold for the first time but there is a big divide in its accumulation.


Via Phil Hensman
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Ed Balls promises to build 100,000 affordable homes with 4G windfall - Telegraph

Ed Balls promises to build 100,000 affordable homes with 4G windfall - Telegraph | Econ3 | Scoop.it
Labour would raise more than £3billion from selling off Britain's mobile–phone system to fund a government–backed house–building programme, Ed Balls will announce today.
JClegg's insight:
A great article to show how the government can influence the pace of technological developments...
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Probe into chocolate 'price-fixing'

Probe into chocolate 'price-fixing' | Econ3 | Scoop.it
The food giants Nestle and Mars, along with a distribution company, have been charged by authorities in Canada over alleged price-fixing of chocolate

Via Geoff Riley
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Elea Misteli's curator insight, September 3, 2013 1:53 PM

Macroeconomic trends impacting on markets and business:

Clear example of Monopoly power that has been mis-used. Unless Authority would have stepped in 'price-fixing' would have gone unnoticed and caused an effect on consumer expenditure on other goods and service. Furthemore because Nestle and Mars are food giants they would have had an elastic effect on demand of other goods due to the fact that they could be considered as necessity foods.

Peter Symonds Economics's curator insight, November 4, 2013 11:54 AM

More market failure

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Asiana Airlines to pay $55 mln in U.S. price-fixing class action

NEW YORK, Oct 14 (Reuters) - South Korea-based AsianaAirlines Inc has agreed to pay $55 million to settleallegations in a U.S. class action that it conspired with otherairlines to fix rates for shipping
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Unit 3 Micro: Major tea exporters consider a new cartel

This is potentially an important development in a key consumer industry - can major tea exporters successfully manage the world price of tea in the form of an international cartel? What are the conditions required for cartels to be successful?
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Phone networks fined £20m for price-fixing con

Mobile phone firms Vodafone and O2 were fined almost £20 million yesterday over a pricefixing conspiracy
JClegg's insight:

Oligopoly Price Fixing

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Monopoly: iPad still dominant

Monopoly: iPad still dominant | Econ3 | Scoop.it
The iPad's share of the tablet market seems to have shrunk this Christmas -- but its dominance of the industry is still embarrassing.

Via Matt Smith
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Matt Smith's curator insight, January 6, 2013 3:03 PM

Ipad clearly still has a monopoly in the tablet market.

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Poverty figures: Extra million people in absolute poverty since coalition came to power

Poverty figures: Extra million people in absolute poverty since coalition came to power | Econ3 | Scoop.it

Via Phil Hensman
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Branson plan to tackle short-termism

Branson plan to tackle short-termism | Econ3 | Scoop.it
Entrepreneur Sir Richard Branson and Kering director Jochen Zeitz launch a non-profit group to encourage global businesses to look beyond short-term profit.
JClegg's insight:

Short vs Long run profits - An interesting article on short term profits linking to today's lesson.

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Monopoly power helps to set prices: Rail commuters face 6% fare rise

Monopoly power helps to set prices: Rail commuters face 6% fare rise | Econ3 | Scoop.it
Some rail commuters in England will face a rise of nearly 6.5% for their season tickets next year.

Via Phil Hensman
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Privatisation: Private Firms 'Better To Run Prisons', Report

Privatisation: Private Firms 'Better To Run Prisons', Report | Econ3 | Scoop.it

A right-wing think tank says jails should be subject to open competition and calls for private companies' role limits to be eased.


Via Phil Hensman
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Probe into chocolate 'price-fixing'

Probe into chocolate 'price-fixing' | Econ3 | Scoop.it

The food giants Nestle and Mars, along with a distribution company, have been charged by authorities in Canada over alleged price-fixing of chocolate


Via Phil Hensman
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Government failure caused by high levels of taxation: Customs 'missing smuggling targets'

Government failure caused by high levels of taxation: Customs 'missing smuggling targets' | Econ3 | Scoop.it

HM Revenue and Customs has failed to meet any of its targets on reducing the smuggling of illicit tobacco into the UK, a watchdog says.


Via Phil Hensman, Bruce Fellowes
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