Economic concentration, such as industry consolidation into a handful of dominant giant players, has garnered a lot of talk lately. I mentioned, for example, a paper by Thomas Philippon arguing that the US has seen declining competitiveness in its markets.
David Wessel at Brookings recored a very short – less than three minute – podcast laying out the issues and evidence. Given the short length, I’d especially recommend giving it a listen. If the audio player doesn’t display, click over to listen on Soundcloud.
Cover image by Dmitry Avdeev, CC BY-SA 3.0
from Aaron M. Renn
http://www.urbanophile.com/2018/01/19/industrial-concentration-and-the-decline-of-competition/
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