Comments on: Private exercise of market power is not easy http://shianux.jiyuuu.org/2005/04/22/private_exercise_of_market_power_is_not_easy/ The truth, the whole truth, and nothing but the truth. Sat, 22 Nov 2008 06:01:17 +0000 http://wordpress.org/?v=2.6.3 By: the aseanist » Blog Archive » A One-Two Punch http://shianux.jiyuuu.org/2005/04/22/private_exercise_of_market_power_is_not_easy/#comment-2603 the aseanist » Blog Archive » A One-Two Punch Wed, 27 Apr 2005 17:21:56 +0000 http://shianux.jiyuuu.org/?p=108#comment-2603 [...] firms. With that context in mind, I’ll respond briefly to each of Han’s four points: 1) Free trade can erode the market power of domin [...] [...] firms. With that context in mind, I’ll respond briefly to each of Han’s four points: 1) Free trade can erode the market power of domin [...]

]]> By: Jesper http://shianux.jiyuuu.org/2005/04/22/private_exercise_of_market_power_is_not_easy/#comment-2580 Jesper Mon, 25 Apr 2005 03:25:26 +0000 http://shianux.jiyuuu.org/?p=108#comment-2580 Monopolies, Oligopolies and collusion can still arise in a totally free market economy with no ready bit and bytes and made in China substitution. Some Monopolies/ Oligopolies (Food, Energy, Entertainment, Telecomms, Business Computer Services, commodities) have massive economics of scale and are not easily dismembered by the free market. And Free Market consumerism are often restricted by geographical factors and production capacity of cometitors (again due to economics of scale). Free Market is not a one size fits all remedy, but such things may be necessary trade-offs. Apart from that its a good piece of work, agree with your stand on copyright and antitrust. Monopolies, Oligopolies and collusion can still arise in a totally free market economy with no ready bit and bytes and made in China substitution. Some Monopolies/ Oligopolies (Food, Energy, Entertainment, Telecomms, Business Computer Services, commodities) have massive economics of scale and are not easily dismembered by the free market.

And Free Market consumerism are often restricted by geographical factors and production capacity of cometitors (again due to economics of scale).

Free Market is not a one size fits all remedy, but such things may be necessary trade-offs.

Apart from that its a good piece of work, agree with your stand on copyright and antitrust.

]]> By: Rajan Rishyakaran » More on antitrust http://shianux.jiyuuu.org/2005/04/22/private_exercise_of_market_power_is_not_easy/#comment-2536 Rajan Rishyakaran » More on antitrust Sat, 23 Apr 2005 10:17:59 +0000 http://shianux.jiyuuu.org/?p=108#comment-2536 [...] smaller, directly competing companies. Anyway, a very good write up on competition law at Wannabe Lawyer. I notice the aseanist conceded that the re [...] [...] smaller, directly competing companies. Anyway, a very good write up on competition law at Wannabe Lawyer. I notice the aseanist conceded that the re [...]

]]> By: the aseanist » Blog Archive » Why Antitrust? http://shianux.jiyuuu.org/2005/04/22/private_exercise_of_market_power_is_not_easy/#comment-2534 the aseanist » Blog Archive » Why Antitrust? Fri, 22 Apr 2005 19:25:37 +0000 http://shianux.jiyuuu.org/?p=108#comment-2534 [...] e it’s a good opportunity to clarify what this blog in many ways stands for. He and Han are absolutely correct that lack of competition laws i [...] [...] e it’s a good opportunity to clarify what this blog in many ways stands for. He and Han are absolutely correct that lack of competition laws i [...]

]]> By: ivan http://shianux.jiyuuu.org/2005/04/22/private_exercise_of_market_power_is_not_easy/#comment-2530 ivan Fri, 22 Apr 2005 11:14:39 +0000 http://shianux.jiyuuu.org/?p=108#comment-2530 Just a quick one. Don't you think both you and the aseanist are working towards the same goal - to retain a competitive market. I do prefer the aseanist approach, to have both strong copyright and anti-trust regulation. However, what i find warps the reality at this moment is the non ideal state of both antitrust and copyright. State intervention currently extends to protectionist measures, protecting state corporations from the net of anti-trust regulations, thus warping the free market. Note if there is a truly free market, anti-trust regulation however stringent will not kick into effect, and so it needs to be stringent so that if a warp occurs it is well equiped to deal with it, leaving the free market to deal with it might well work but we need a safety net when it doesn't (compare Malaysia's intervenionist measures compared to indonesia's free mkt approached prescribed by the IMF, Malaysia's bold move proved to be highly sucessful.). Copyright regimes need to be comprehensive and strongly regulated, however what we have at the moment is not ideal thus leading to market distortion. The problem is not the idea of copyrights or IPRs <em>per se</em>, the problem is the current potential for abuse and indeed it has been. We need to find a way to bring it back to its roots, the core ideals that once founded IPRs and ensure that it is not abused. I wish i could elaborate, but sorry no time ah. But maybe you get the gist of what i'm saying. Just a quick one.

Don’t you think both you and the aseanist are working towards the same goal - to retain a competitive market.

I do prefer the aseanist approach, to have both strong copyright and anti-trust regulation.
However, what i find warps the reality at this moment is the non ideal state of both antitrust and copyright.

State intervention currently extends to protectionist measures, protecting state corporations from the net of anti-trust regulations, thus warping the free market. Note if there is a truly free market, anti-trust regulation however stringent will not kick into effect, and so it needs to be stringent so that if a warp occurs it is well equiped to deal with it, leaving the free market to deal with it might well work but we need a safety net when it doesn’t (compare Malaysia’s intervenionist measures compared to indonesia’s free mkt approached prescribed by the IMF, Malaysia’s bold move proved to be highly sucessful.).

Copyright regimes need to be comprehensive and strongly regulated, however what we have at the moment is not ideal thus leading to market distortion. The problem is not the idea of copyrights or IPRs per se, the problem is the current potential for abuse and indeed it has been. We need to find a way to bring it back to its roots, the core ideals that once founded IPRs and ensure that it is not abused.

I wish i could elaborate, but sorry no time ah. But maybe you get the gist of what i’m saying.

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