Saul Levmore: Monopolies as an Introduction to Economics
Do Not Pass Go, Do Not Collect 0: Monopolies as an Introduction to Economics Saul Levmore, William B. Graham Distinguished Professor of Law at The Unive…
Video Rating: 4 / 5
Do Not Pass Go, Do Not Collect 0: Monopolies as an Introduction to Economics Saul Levmore, William B. Graham Distinguished Professor of Law at The Unive…
Video Rating: 4 / 5
But, the cost of the inputs do not change and why should a baker change the
price of his product? It really does not work that way. Starbucks is not
any more or less busier, because you drop the price of a cookie. They may
sell a few more than they usually would. But, it not a huge motivator that
sales more cookies and it does not signal to starbuck to bake more or less
cookies.
The idea about the Cookie and the Bakery are just quite dumb. It doesn’t
cause competition, it’s creates oligopolies. It happens for many different
things.
Quite informative… That is more than I have studied in Econ 101 in the
whole semester.
So why is it I can’t buy a house for $300,000 anywhere I want? In
Manhattan, that house would cost £30,000,000.
Location is a Government protected monopoly privilege. Funny how this dumb
ass glosses over the biggest one there is
Economists are clueless/brainwashed/idealogical.
that is a high compliment of Chinese gorvernment
i did not think that it was that diamonds were rare but that there was a
monopoly on them and a created market
1:47 “Creating more music in his garage and selling it when the prices go
up” is economics, not music, thank you very much. That’s why I avoid
Metallica and itunes. There is endless free music by people who wants to
serve music and not economics on the net. Good music, irrational music, not
inspired by the economics of Disney channel
if BIGair is a monopoly, and owned by its customers, would it not give the
“best” price to its owner’s/clients?
this guy is full of it. plenty of people, including some economists, saw
the system was going to collapse and their concerns fell on deaf ears.
mostly because those in the know where making money on insurance betting on
the collapse.
and human beings aren’t rational and the whole discipline collapses..
Close your eyes and picture Christopher Walken as you listen to him.
i concur with you just like almost everyone listening to this lecture
The words ‘monopoly’ and ‘economy’ typically attract a lot of tinfoil hats.
Piracy creates software monopolies such as Photoshop.
economist seldom seam to wheight in any kind of moral capital into their
equations
Very informative, sometimes it seems like I learn more from these videos
than I do in school :/
thank you for this video
Economists are the debil!
And what do they *want*?????
Two interesting things: – Competitive markets (perfect markets) as
described hardly ever exist, every market has some things that makes them
imperfect. There are always some barriers to entry (e.g. capital
requirements) or maybe geographic reasons, etc. Monopolies are completely
imperfect markets. – Monopolies also exist without the government, because
of ‘normal’ barriers to entry. For instance Facebook, which is almost
impossible to compete with due to their network effects.
Rolling my eye!
Their was some economist that predicted the housing bubble, Peter Schiff
was one of them!
Youtube will not allow me to post links or videos but google china’s ghost
cities and you will find a whole bunch of sources. You can even find
sources from the BBC and the Huffingtonpost. Although we know the sources
will have a conservative bias. LOL
Monopolies can ONLY exist with cahoots with the GOVT !!!
only if i can torrent a car and a house