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The Stage: ATG’s Live Nation purchase cleared by OFT
Ambassador Theatre Group’s £90 million purchase of Live Nation’s UK theatres has been cleared by the Office of Fair Trading and will not be referred to the Competition Commission.
The OFT has been investigating the merger since the end of last year and, following extensive consultation with the industry, has concluded that “there is no realistic prospect of theatregoers losing out through higher prices or an overall reduction in choice of productions or theatres.”
According to the OFT, it investigated the completed acquisition following a complaint from a concerned third party.
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I woednr if the economics of complexity will consider the extent (wide) of influence and corruption. The idea to suppliers and customers acting in a market is nice, but it isn’t how it works. Look at the lack of competition in the pharmaceutical business (heck, the whole healthcare sector). The role lobbyists play in distorting markets?And what about market equilibrium? When I took economics from Hyman Minsky in the seventies, he was clear that all economic crisis start with one and only one thing – an abuse of credit.The market never finds an equilibrium, it expands until it collapses.So the term complexity economics sound sexy, but I’d like to know what fundamental assumptions it employs.-NRLike or Dislike: 0 0
I woednr if the economics of complexity will consider the extent (wide) of influence and corruption. The idea to suppliers and customers acting in a market is nice, but it isn’t how it works. Look at the lack of competition in the pharmaceutical business (heck, the whole healthcare sector). The role lobbyists play in distorting markets?And what about market equilibrium? When I took economics from Hyman Minsky in the seventies, he was clear that all economic crisis start with one and only one thing – an abuse of credit.The market never finds an equilibrium, it expands until it collapses.So the term complexity economics sound sexy, but I’d like to know what fundamental assumptions it employs.-NRLike or Dislike: 0 0
I woednr if the economics of complexity will consider the extent (wide) of influence and corruption. The idea to suppliers and customers acting in a market is nice, but it isn’t how it works. Look at the lack of competition in the pharmaceutical business (heck, the whole healthcare sector). The role lobbyists play in distorting markets?And what about market equilibrium? When I took economics from Hyman Minsky in the seventies, he was clear that all economic crisis start with one and only one thing – an abuse of credit.The market never finds an equilibrium, it expands until it collapses.So the term complexity economics sound sexy, but I’d like to know what fundamental assumptions it employs.-NRLike or Dislike: 0 0
Sounds vaeguly familiar: I would like to put Minsky in a room with Taleb and Bookstaber, and watch for some hideous frankenstein market theory to emerge.