The airlines are highly concentrated. Deregulation caused a temporary dip in
concentration which has now been overcome. They fix prices
oligopolistically.
Jim Devine wrote:
> >My casual impression is that the US economy has and is becoming more
> >concentrated. What's yours?
>
> it depends on one's time frame. Compared to the "good old daze" of the
> 1950s & 1960s, the US economy is currently less monopolistic, not only due
> to globalization but also deregulation of trucking, airplanes, etc., and
> anti-trust (AT&T), along with some technical change.
>
> But I think the long-term trend in the future is toward increased
> monopolization, as seen as the major world auto companies edge toward
> creating a world oligopoly.
>
> >Banks have merged, electric companies are merging, gas companies have
> >merged with each other and are merging with the electircs. Oil, cars,
> >Pentagon favorites, etc. etc.
>
> right, but you should realize that a lot of banks had local monopoly power
> before they merged with out-of-state banks, etc.
>
> Jim Devine [EMAIL PROTECTED] & http://liberalarts.lmu.edu/~jdevine
