Economics and Mechanisms Economics, economic theory, and mechanism design

3Jan/100

Incentives matter and monopolies are terrible

Monopoly (or near monopoly) is always very bad for consumers. Check out this article from OSnews.com about Intel's compiler that goes to some lengths to handicap non-Intel processors. I got more and more thankful for the free software folks (think GNU compiler) and all open source contributors as I was reading this. Yes, I am writing this on an iMac that has an Intel processor. I wish I could fight monopolies effectively on my own...

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