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Technology Stocks : AUTOHOME, Inc
ATHM 25.05+2.9%3:59 PM EST
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To: ahhaha who wrote (22706)5/27/2000 4:57:00 PM
From: gpowell  Read Replies (1) of 29970
 
The incentive is simply more eyeballs in AOL's sub base.

The eyeball level is separate from the NDSP level. Competition at the eyeball level is inevitable.

There should be three NDSPs according to the Bork Rule.

Cable, RBOCs, and Wireless satisfy the Bork rule

What are B & S trying to define?

That competition weeds out all but the low cost producers, which inevitably leads to monopoly or oligopoly. But, since monopoly is prevented by government intervention, the end result is always oligopoly. In a mature market, prices tend towards those that would have been charged by a monopoly. Oligopolies set price and manage technological change, within their own market.

I think B&S would point to the MSOs as an example, or MSFT.
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