This means it's the only seller, and can abuse that position in order to raise prices. An oligopoly is similar, except the ...

A lawsuit in South Africa accuses petrochemicals giant Sasol of abusing its ethylene supply monopoly. The lawsuit has been ...

Marissa Gillett, who resigned last month as chairman of the Public Utilities Regulatory Authority amid a flurry of legal ...

Rice farmer Hwang Seong-yeol and four other South Korean growers have sued the state utility Korea Electric Power Corp. and ...

Our economic system benefits only those at the very top – but it’s not too late for change Tim Wu’s latest book is The Age of ...

The first manifestation of politics is the rational distribution of power. When power accumulates at one point and its institutional rotation—through elections and separation of powers—comes to a halt ...

The assumption that partnerships and circular investments will boost growth is economically and historically misguided ...

This year’s Nobel Prize in economics went to Joel Mokyr, Philippe Aghion, and Peter Howitt for their research on how ...

Meanwhile, a Ukrainian drone attack damaged a ship in port, apartment buildings and an oil depot in the Russian Black Sea ...

Glen Powell is hunted for sport on national television in Edgar Wright's spirited, but tragically ironic adaptation of ...

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