Samir’s Selection 02/25/2015 (p.m.)
-
What would Galbraith think about Google? | The Enlightened Economist >>>
-
“The supposed antithesis between price competition and innovation is false: they are different forms of the same competitive process. Innovation is competition.”
-
As Will Baumol pointed out in his book The Free Market Innovation Machine, big firms tend to do incremental innovation, while radical innovation tends to come from small entrants.
-
Many is the oligopolistic industry that has failed to innovate.
-
Tim Wu, whose fabulous book The Master Switch argues that the opportunity for new entrants to cause upheaval in technology and communication markets has always been created by a regulatory intervention.
-