Any economy majors here, or anyone with solid economy knowledge? Give me a hand then! (11 Viewers)

[Zlatan]

Right, I have a oral presentation in Economy for thursday, on the subject "Current world anti-monopoly policies", and to be honest I really dont know what to say.

I've started working but I'm struggeling, and any help would be very appriciated.

 

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[Martin]

sorry champ :tongue:

 

[Layce Erayce]

have you met my friend with the placard? :google:

 

[ßöмßäяðîëя]

Right, I have a oral presentation in Economy for thursday, on the subject "Current world anti-monopoly policies", and to be honest I really dont know what to say.

I've started working but I'm struggeling, and any help would be very appriciated.

Go back a couple years in the news and talk about what the US government did with Microsoft. That is really the only thing I can think of off hand.

 

[Layce Erayce]

http://www.google.com/search?hs=Xd5...ficial_s&q=anti-monopoly+policies&btnG=Search

specifically:
http://english.pravda.ru/economics/2002/07/26/33283.html

http://www.financialexpress-bd.com/index3.asp?cnd=10/17/2005&section_id=24&newsid=4079&spcl=no

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What exactly do they want you to know? Definitions? Examples? History/development? The whole shebang?

 

[Rami]

Does a Marketing Major fit the bill??


Do what Burke said....

 

[Bjerknes]

This article, which explains the Microsoft case and other antitrust violations in Japan, should be rather helpful to generate some ideas.

http://www.dbtrade.com/publications/ekonomisuto_antitrust.pdf

If I were you I would research the different policies of specific nations, and also look at alternatives to policies that only combat monopolistic behavior.

 

[Zlatan]

Does a Marketing Major fit the bill??


Do what Burke said....

Anyone who can help fits the bill


And yes, Microsoft will be a large part of the presentation.


@Andy: Yeah, thats what I was planning, to show the positions of the worlds largest econimoies, US, EU, Japan, perhaps China and Russia if I can find the info, but I'm finding it a bit hard to find concrete legislation.


@Josh: YOu're loving that new smiley, arent you?

 

[Bjerknes]

Hell, I'm not even an economics major and I could easily complete this project.

Oh, and there is a lot of information on anti-monopoly policies in Russia.

 

[Zlatan]

Yeah, I've noticed


And yeah, it's not like I cant do it, but it's always easier with a bit of help

 

[ßöмßäяðîëя]

Da it is, Nando.

 

[Elnur_E65]

From the top of my head, the largest anti-monopoly case in the US was the breakdown of ATT couple of decades ago.

In China the largest was the breakup of the National Chinese Oil company.

 

[Torkel]

I study economics.

Monopolies are often forbidden, cause they are not efficent. Since they can set their own prices, they usually set higher prices(and sell less products). This is bad for consumers, who consumes less (that's always bad) but have to pay more. But I guess that kind of goes without saying, and is besides your assignment.

But it is important to remember that monopolies aren't always bad. Natural monpolies are the only way to go in some industries (railroads, phone networks, industries with very high initial costs), as it would be a great waste of resources having several equal competitors there. Other times companies needs to be allowed to be a monopoly, as an incentive to research and develop costly but important things. These monopolies will be protected by laws (as patents).

In Norway we have a department called "konkurransetilsynet" (goverment run) who looks our for cartels and "illegal" monopolies. I would guess that most countries with functional economies have the same. Opec, a cartel, should maybe be illegal, but there is no organ controlling countries in the same way.

 

[Mr. Gol]

From the top of my head, the largest anti-monopoly case in the US was the breakdown of ATT couple of decades ago.

In China the largest was the breakup of the National Chinese Oil company.

Gazprom in Russia?

 

[arc]

im doing econ too, but ive got a deadline to meet which is tmr

 

[Tom]

hmm.. probably not my best area but I'd start of defining monopoly, oligopoly --> with links to cartels, monopolistic competition and perfect competition. Those are basically your 4 kinds of market that are most common.

Definitions always get you bonus marks, from experience. You'd then go on to say about the monopolies commission and fair trade laws but probably Torkel is your man here. Oh, and if oligopolistic competition exists, and the two or three major providers are found to be keeping prices artificially high thats a cartel and illegal.

Stuff like this you can find on google i'm sure of it.

 

[Zlatan]

Thanks Tom and Torkel, I'll have to do it tommorrow

 

[GordoDeCentral]

another quick element is collusion and price fixing, juxtaposed with contradictions on an international level like OPEC for example, hope that helps.

 

[Desmond]

Hmm..anti-monopoly policies eh?

One example is how many countries choose to nationalize monopolies such as large scale construction and public transport, that way the monopolies don't have the capacity to overprice their products beyond the reach of the general public.

Like Tom mentioned, its always a good idea to start with definitions, then move on to demand/supply curves and go through your examples stating your points before and after each. Finally compare monopolies to other market structures such as monopolistic competition, oligopoly etc. and explain why anti-monopoly policies are essential.

Good luck with it.

 

[Zlatan]

Thanks Des