POLSCI 2H03 Lecture Notes - Lecture 8: Bloomberg L.P., Product Lifecycle, Red Tape
6 Apr 2016
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Document Summary
Owners push wages down, seek monopolies or oligopolies o o o o o. Refers to life cycle (temporary monopoly in product) Now, networks are common place (ex/ online app (snapchat), becomes useful only within the network ) Value when many people are using something - esp. in tech industry. Firms are less likely to invest in innovaions when they can dominate - but can sile innovaions from others when a irm dominates. Gov"n subsidizes, so the taxpayers end up paying for research that is patent. Red tape makes it harder for new entrants into a market. Hard to separate rules that are meant to stabilize, protect health, etc. or if regulators is providing a irm unopposed access to the market. Global market shares (bloomberg. com) (chart - on ave) Ago would have been much more concentrated than it is now. Measure market share not just naionally but globally now.
