Unit 3 Economics
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Unit 3 Economics
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TACIT COLLUSION? E.On to increase prices by 8.7%

TACIT COLLUSION? E.On to increase prices by 8.7% | Unit 3 Economics | Scoop.it

Energy firm E.On is to increase prices for dual fuel customers by an average of 8.7% on 18 January, the last of the big six suppliers to do so.


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Regulation: Ofgem told to take firmer action

Regulation: Ofgem told to take firmer action | Unit 3 Economics | Scoop.it
A committee of MPs tells the energy regulator Ofgem to stop energy firms offering cheap deals to new customers while overcharging existing ones.

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Matt Smith's curator insight, December 20, 2012 2:39 AM

Is this an example of Regulatory Capture?

Hayley Louise Ripley Toms's curator insight, December 23, 2012 7:59 AM

Industrial Policy

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R and D to increase Market Share: LG plans to increase investment

R and D to increase Market Share: LG plans to increase investment | Unit 3 Economics | Scoop.it
South Korea's LG Group announces plans to increase investment, in an attempt to boost its market share amid increased competition.

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Matt Smith's curator insight, January 7, 2013 2:26 AM

Notice how the investment is in new production facilities and R and D into new products.

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Competition Commission: UPS drops 5.2bn-euro bid for TNT

Competition Commission: UPS drops 5.2bn-euro bid for TNT | Unit 3 Economics | Scoop.it
Package delivery firm UPS pulls out of its 5.2bn-euro bid for Dutch rival TNT Express after discovering EU competition authorities would probably block it.

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Matt Smith's curator insight, January 14, 2013 9:17 AM

A good example of EU Competition authorities blocking a proposed merger. 

Mark Cleaver's curator insight, June 6, 2013 5:03 AM

Competition policy in the EU (Unit 3) - a great example

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Patents and Price Discrimination: Strong Medicine - the Economics of Big Pharma

Patents and Price Discrimination: Strong Medicine - the Economics of Big Pharma | Unit 3 Economics | Scoop.it
This excellent and timely half hour BBC Radio 4 programme from last week covers some key concepts in the A2 course.

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Hayley Louise Ripley Toms's curator insight, December 23, 2012 8:02 AM

Price discrimintion would be more 'equitable' and fair,but this isn't possible as it is very hard to price discriminate. 

 

This is due to the 'seepage's between markets. E.g/ People go to the countries like Africa where the dugs are made cheaper, buy them there, and then sell them back in the more expensive countries.

 

This system is therefore not sustainable.

 

Patents give the pharma companies the incentive to innovate. Monopolypower = dynamic effeciency

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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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Energy oligopoly: E.On to increase prices by 8.7%

Energy oligopoly: E.On to increase prices by 8.7% | Unit 3 Economics | Scoop.it
Energy firm E.On is to increase prices for dual fuel customers by an average of 8.7% on 18 January, the last of the big six suppliers to do so.

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Non Price Competition: Morrisons disloyalty card risks upsetting regular shoppers

Non Price Competition: Morrisons disloyalty card risks upsetting regular shoppers | Unit 3 Economics | Scoop.it

Nils Pratley: The supermarket is trying to woo customers from rivals with 10%-off cards worth up to £100 – but loyal shoppers get nothing...   oligopoly behaviour - non pricing strategy?


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Non Price Competition: Samsung's Massive Marketing Budget

Non Price Competition: Samsung's Massive Marketing Budget | Unit 3 Economics | Scoop.it

This is how it became the world's biggest smartphone company.


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Can Open Source Ratings Break the Ratings Agency Oligopoly?

Can Open Source Ratings Break the Ratings Agency Oligopoly? | Unit 3 Economics | Scoop.it
The open-source movement has proven to be a powerful force in our modern technological world. It began in the software industry and rose to prominence with the success of Linux. It is steadily spreading in other areas.
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US airlines to feds: We need fewer taxes, fees and regulation - CNN International

US airlines to feds: We need fewer taxes, fees and regulationCNN InternationalWashington (CNN) -- The U.S.
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Mismatch in job market affecting economic growth: CIBC - CTV News

Mismatch in job market affecting economic growth: CIBC - CTV News | Unit 3 Economics | Scoop.it
Mismatch in job market affecting economic growth: CIBCCTV NewsTORONTO -- A CIBC report released Monday suggests Canada's economic prosperity is at risk due to a labour market split that sees high-demand positions go unfilled while lower-skilled...
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Increased Contestability: Tesco to venture into giant Indian market after their government allows foreign superstores

Increased Contestability: Tesco to venture into giant Indian market after their government allows foreign superstores | Unit 3 Economics | Scoop.it
Controversial decision to remove a ban preventing international firms setting up shop in India has now received full parliamentary backing. (#Econ3 Indian markets now more contestable....guess who's first in?

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

6) Contestability  - ....

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Monopoly: iPad still dominant

Monopoly: iPad still dominant | Unit 3 Economics | 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.

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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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Increased Contestablity: Aldi enjoys a Christmas boom as shoppers turn to discount chains

Increased Contestablity: Aldi enjoys a Christmas boom as shoppers turn to discount chains | Unit 3 Economics | Scoop.it
Grocery market becomes polarised as Aldi, Lidl and Iceland, plus high-end Waitrose, record strong growth in festive season

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Matt Smith's curator insight, January 8, 2013 11:59 AM

Grocery market is becoming more Contestable due to fall in real incomes.

Dan Sharp's curator insight, January 9, 2013 5:39 AM

Grocery market is becoming more Contestable due to fall in real incomes.

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Building societies set to merge

Building societies set to merge | Unit 3 Economics | Scoop.it
The Nottingham and Shepshed building societies have announced plans to merge in July, but there will be no windfall for members.

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Geoff Riley's curator insight, December 13, 2012 8:07 AM

Unit 3 Micro: Horizontal integration here

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Regulation: Supermarkets agree special offers rules

Regulation: Supermarkets agree special offers rules | Unit 3 Economics | Scoop.it
Eight supermarkets have agreed to a set of principles following concerns over confusing special offers and promotions for food and drink, the Office of Fair Trading (OFT) announces.
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Increased Contestability: Tesco to venture into giant Indian market after their government allows foreign superstores

Increased Contestability: Tesco to venture into giant Indian market after their government allows foreign superstores | Unit 3 Economics | Scoop.it
Controversial decision to remove a ban preventing international firms setting up shop in India has now received full parliamentary backing. (#Econ3 Indian markets now more contestable....guess who's first in?

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

6) Contestability  - ....

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A* Evaluation: Oligopoly. Energy tariffs to be simplified

A* Evaluation: Oligopoly. Energy tariffs to be simplified | Unit 3 Economics | Scoop.it

Energy companies will be able to offer only four tariffs each for gas and electricity under government plans to get customers a better deal on energy.


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Jill Russell's curator insight, April 7, 2014 2:36 AM

This article depicts great evidence of  how oligopoly still functions today, and how very few energy tariffs, regulates the UK. Not just the UK, but everywhere! In the Northeast of the States it's either NSTAR or National Grid.; And it is not just limited to gas and electricity, but to phone coverage, internet access and satellite televisions, just to name a few. For example in Canada, the main network coverage is Bell and Telus. I have also concluded, that most of the oligopolies and monopolies that are run today, is by the government.

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Increased Contestability: Amazon takes on supermarkets with huge growth in groceries

Increased Contestability: Amazon takes on supermarkets with huge growth in groceries | Unit 3 Economics | Scoop.it

Amazon has launched an assault on Britain's supermarkets with a sevenfold increase in the groceries it offers online in barely two years.


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OLIGOPOLY - Discount supermarkets grab market share as shoppers get thrifty

OLIGOPOLY - Discount supermarkets grab market share as shoppers get thrifty | Unit 3 Economics | Scoop.it

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Back to the Future: how global financial regulation has failed - The Conversation

Back to the Future: how global financial regulation has failed - The Conversation | Unit 3 Economics | Scoop.it
Back to the Future: how global financial regulation has failedThe ConversationBack to the Future: how global financial regulation has failed.
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Britain creates shale gas office to simplify regulation - Reuters

Britain creates shale gas office to simplify regulationReutersLONDON Dec 5 (Reuters) - Britain on Wednesday launched a government office for shale gas to simplify regulation of the unconventional gas sector more than one year after it temporarily...
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