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Monopoly through Oligopoly – Modern Competition Law

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If you have a question about this talk, please contact Dr Arthur Dudney.

In many industries today, such as air travel, banking, internet search or social networking, there are only a few major competitors in any domestic market. Those large companies’ shares are often held by a few prominent investment companies like Blackrock, State Street, or Fidelity. Recent econometric research suggests that this market structure: oligopolistic industries owned by oligopolistic investors, leads to monopolistic behavior. What should we make of this econometric research? How has ownership of oligopolistic companies become so concentrated in the first place? And, what can we do about these modern monopolies?

This talk is part of the Darwin College Humanities and Social Sciences Group series.

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