Monday 01 September 2014

Danish2014PodiumDENMARK, August 31st - Three nations and twenty-four competitors gathered in Denmark for the 2014 Danish Riichi Championships. Markus Kruse bested the rest with 186,400 points, followed by his closest competitor Brian Krog, with Janne Gröndahl finishing third.

  

readmore 


Joseph Edward's Theory of Market Ecocomy

I believe your theory might at first glance has some merit, but is actually extremely flawed and ignorant, bordering absurdity. In the FREE MARKET ECONOMY, Laissez-faire, the market is determined by the consumers and supply and demand theories. If the market condition is viable, there will certainly be new competition that will emerge.
Comments (3)Comments are closed
1Wednesday, 11 November 2009 20:33
Joseph Edwards
PetiteEtoile, I do understand how the free market economy works. As a student of economics, I'm not ignorant of that. What you don't seem to understand is that no market is perfectly competitive and the Anglophone online mahjong market is particularly susceptible to this.

(continuing...)
2Wednesday, 11 November 2009 20:35
Joseph Edwards
For example: its monopoly status thanks to its share of the market (particularly its ability to advertise and affliate), uneven information thus (how can you make an informed decision on what client to use when MahjongTime is portrayed as the only choice?), the nature of the market (particularly in that because of the multiplayer aspect any client must quickly build a strong base to be viable, and thus a limited number of firms can be viable) the small target demographic in the shorter term, etc
3Wednesday, 11 November 2009 20:37
Joseph Edwards
The market condition isn't viable when MahjongTime has such a corrupting influence. It effectively has reached monopoly status and is in a position to prevent or hinder other companies entering the market through its economic power, media and commercial influence, and large market share. If a company was operating under these conditions in a large market with these conditions, it would have probably have been butchered by regulators already!
yvComment v.2.01.1


Mahjong News | Copyright © 1997-2014 | About Us | Sitemap | Contact