January 24, 2020

Oligopoly Strikes Again!

I’ve been listening to the radio intently on my drive to work every morning this week. Every time there is a news update I cannot help but think about a couple of blog posts I wrote more than a year ago about the oligopolistic nature of the UK utilities market. You can find them here […]

Tough competition among the few

Those of you who have studied economics will have run up against the strange word ‘oligopoly’. It means ‘competition among the few’ and textbooks are full of the potentially dire outcomes of price wars. You can now see oligopoly in action as Google, Apple, Facebook and Amazon start to slug it out. This excellent Economist […]

Oligopoly in Action… Again!

Happy New Year to all our followers. We’ve been hibernating over the festive season in Scotland but are now back. I’ll begin posting a selection of interesting articles again every couple of weeks, starting next week. A couple of months back I wrote about the market for domestic electricity and gas in the UK. You […]

Oligopoly in Action!

Domestic energy users in the UK are able to “choose” their supplier from a number of different companies. While there are some fledgling companies offering utilities services to consumers the market is dominated by the “big six” companies. Switching between companies involves signing a contract and sitting back and waiting. You also have to send […]