Saturday, February 8, 2014

Greater Scale Leads to Lower Prices, Even in a More Concentrated Mobile Business?

If telecommunications really is a business with scale characteristics, then additional scale should lead to lower retail prices. And there is evidence that higher concentration levels in the U.S. mobile business have happened at the same time that retail prices have dropped. 

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Is it "Different This Time?"

If you worked at any venture-capital-funded startup during the dot-com bubble, you might recall hearing one of the most-dangerous phrases in...