Market Power

Musings by an academic economist on the power of markets and the power over markets.

Friday, November 19, 2004


Remember how much DVD players used to cost? I went to Target today to do some shopping. They had 7 or 8 different brands of DVD players and a couple of other brands of DVD-VCR players. I didn’t look at the prices of the latter, but the DVD-only players were no more than $100. All were of a quality comparable to the one I bought a few years back for double that price.

Isn’t competition cool?