First used in the 1930s by economists Edward Chamberlin and Joan Robinson, the term "monopolistic competition" refers to a market structure in which many businesses provide a product or service, but ...
Competition tends to bring about a better product or service, at a lower price, than does monopoly. This is a basic premise of virtually all economists, disputed by pretty much no one in the ...
Most models of monopolistic competition study the question of the "optimal degree of product differentiation" by looking at the number of firms that will locate in characteristics space. This is ...
This article suggests that the introduction of bank branching restrictions and federal deposit insurance in the United States likely was motivated by political considerations. Specifically, we argue ...
The U.S. Department of Justice has filed suit against Google, accusing the tech giant of abusing its monopoly power over the digital advertising industry. The complaint seeks to "halt Google’s ...
There are varying types of market structures in industries. The type of market structure of a company in a particular industry influences the way the company conducts business and how pricing ...
Tencent prohibits the sharing of Douyin content on its extremely popular apps WeChat and QQ, a practice that ByteDance hopes the court will rule runs counter to China’s anti-monopoly law and must ...
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