HispanicPundit + monopoly   13

Monopoly Rents and Corporate Taxation (Wonkish) - The New York Times
ut what caught my eye from the CBO was a quite different point: much corporate taxation probably doesn’t fall on returns to physical capital, but rather on monopoly rents. It doesn’t matter whether these rents were fairly earned through, say, investment in technology, or even whether the corporations earn super-high profits. As long as the local source of profit is some kind of monopoly rent, corporate tax incidence is going to fall on shareholders, not workers.
corporate  Taxes  monopoly  Krugman  CBO 
september 2017 by HispanicPundit
Washington Monthly | How to Make Conservatism Great Again
But the standard line leaves out what happened next. In 1935, the Supreme Court struck down key provisions of NIRA as unconstitutional. And with that decision, the New Deal completely changed course. Rather than trying to suppress market competition, public policy shifted aggressively and successfully for the next four decades to making markets more open and competitive.
monopoly  anti-trust  fdr  USA  history  WashingtonMonthly 
january 2017 by HispanicPundit
Comcast monopoly: One cable franchise to rule them all.
It's an interesting argument, and I wonder how far he would take it. The logic of this position, after all, isn't so much that Comcast and Time Warner should merge but that we should encourage the merged company to merge with Cox and Charter and Cable One too. That there should be basically one gigantic nationwide cable monopoly. In terms of television, the Cable Monopolist would compete with DirectTV and cord cutting. In terms of broadband, the Cable Monopolist would compete with slow DSL and getting by with your mobile phone. In a handful of markets, the Cable Monopolist would compete with a fiber option. But mostly you'd have one giant Cable Monopolist with a ton of leverage over content providers and huge economies of scale. You would basically have a 21st-century version of the old AT&T system. And like the old AT&T system it would need to be really heavily regulated. Which is fine, in principle, but the actual history of how that worked was not so encouraging.
economics  fundamentals  misc  yglesias  monopoly 
november 2015 by HispanicPundit
The USPS Is An Aging Dinosaur That’s Also Subject To Some Unfair Accounting Rules | ThinkProgress
The problem for my Safeway scheme, of course, is that if the underlying demand for supermarkets starts collapsing for some reason, then there’s going to be a problem. And that’s exactly the situation the Postal Service is in. People are less interested in sending mail than they used to be. That reduces the quantity of cross-subsidy available, even while increasing the burdens of the obligations. You can try to resolve this by making workers eat the losses, but no matter how hard you squeeze the workers you’re still left with the basic decline of the underlying business. The real question, for the longer term, is whether we think the policy goal of the Postal Service — subsidized delivery of regular mail — is worth spending federal tax dollars on in a world where the value of the monopoly business is declining. To me that’s a hard case to make. There’d be nothing stopping town or state governments from subsidizing mail delivery in a competitive market if they felt it was important to th
government  monopoly  usps  fundamentals  yglesias  sidebar 
august 2011 by HispanicPundit
Can Monopolies Help Consumers? - Megan McArdle
"Still, I think it's worth noting that while we usually discuss antitrust as a means of helping consumers, in fact, it's more obviously successful at helping competitors. This is why libertarians are so often against antitrust interventions: they don't recognize a right to be free from competition, even the "unfair" kind."
anti-trust  monopoly  mcardle  sidebar 
february 2010 by HispanicPundit
Where Does Monopoly Power Come From?, Bryan Caplan | EconLog | Library of Economics and Liberty
"I've outgrown arguing with textbooks, but I stand by my basic point: You can't analyze the consequences of monopoly if you don't know where the monopoly came from. If the monopoly came from government, then it's silly to fret about market failure and muse about antitrust remedies; you've got to unleash your inner libertarian and call for free competition. If the monopoly came from superior efficiency, broadly defined, you've got to realize that antitrust "remedies" penalize excellence - which almost any economic theory admits is a bad idea in the long-run. "
anti-trust  monopoly  caplan  sidebar 
september 2009 by HispanicPundit
Summer book club: Capitalism and Freedom | Free exchange | Economist.com
The economist continues its review of Milton Friedmans class, Capitalism And Freedom. This time discussing monopolies and corporate social responsibility.
monopoly  Friedman  books  corporate  economist 
august 2008 by HispanicPundit
CARPE DIEM: And You Thought Gasoline Prices Were High? The U.S. Postal Monopoly Has Its Privileges
"If stamp prices had increased over time at "only" the rate of gas prices, a first-class stamp would only cost only 27.6 cents today instead of 42 cents."
gas  monopoly  government  perry  sidebar 
may 2008 by HispanicPundit
Cafe Hayek: Monopoly
"Did a piece for NPR's Morning Edition yesterday on the dangers of learning economics from the game of monopoly", writes an economics professor.
economics  monopoly 
january 2006 by HispanicPundit

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