Harm to competitors is most definitely harm to consumers. | Hacker News

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ocdtrekkie on April 15, 2015 | parent | context | favorite | on: EU Formally Accuses Google of Antitrust Violations

Harm to competitors is most definitely harm to consumers.

ArkyBeagle on April 15, 2015 [–]

So goes the theory. There are a great many problems with monopolies, but consumer pain doesn't seem to much be one of them.

The econometrics guys say it's not that simple. One of my go to pieces on this is by Stigler here: http://www.econlib.org/library/Enc/Monopoly.html

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