Calculation of an efficiency within a market
A calculator of the overall effectiveness of competition in a particular market.
For instance, do we really have competition in the distribution of cable TV? There are lots of factors here:
Symptoms of a well functioning market:
- Lower price for service
- Number of service providers
- Fluidity in choice (is the market dominated by long term contracts?)
- Quality of information regarding choices
- The number of channels being distributed (quality channels vs. non-quality channels?)
- Offering of Pay channels
- Improved digital service
Conditions which market forces may have to deal with, in some cases these can be temporary
- Government Regulation
- Restrictions on market size
- Ability to restrict abusers of the system
- Mandates on availability (of which there are none now)
- Mandates to provide ala carte service?
- Natural disaster?
Note: A similar list could probably be done for cell phone service, and broadband service.
Close enough list for now.
