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, gravitation towards monopoly remains a marked feature of the industry and, as explained in this chapter, the need for diverse …
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A sizable literature on media bias suggests that media coverage is frequently biased towards certain political and economic positions. However, we know little about what drives variation in political and ideological bias in news coverage across countries. In this paper, we argue that...
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The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in … economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … only feature of market competition, but it plays a central role regarding to its virtues, and understanding the working …
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extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
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