Ever since the Internet was born, along with Big Tech, in the 1990s, the world has had a sense that we have entered a new era in global political economy. Many have tried to place a finger on what ...

First, let's go over the conventional understanding of a monopoly, compare it to an oligopoly, and then compare that to a cartel, so that we're all on the same page. A monopoly, conventionally and ...

Efficiency refers to the optimal allocation of resources, where it is impossible to make someone better off without making ...

Large firms played a central role in the “new trade” models that became a major focus of trade economists in the early 1980s. Subsequent literature for the most part kept imperfect competition but ...