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Re:Walmart threatens to cut ties with truckers that also hau... by gech on Saturday July 01, 2017 @11:52AM (#14677587)
Does current economic theory include this common malfeasance among successful dominant businesses as efficient?
Re:Walmart threatens to cut ties with truckers that also hau... by computerex on Saturday July 01, 2017 @12:26PM (#14677739)
I don't think current economic theory even takes these common malfeasances into account. This is against the law, and so no widely accepted theory would even acknowledge this.
Re:Walmart threatens to cut ties with truckers that also hau... by digi_owl on Saturday July 01, 2017 @01:12PM (#14677912)
Yeah, at best the theory will assume this kind of behavior will be sorted out by competition. At worst it is just blankly ignored completely.
Re:Walmart threatens to cut ties with truckers that also hau... by kodablah on Saturday July 01, 2017 @12:24PM (#14677731)
Probably just foretells the rise of competitors as is the case here.
Re:Walmart threatens to cut ties with truckers that also hau... by AndrewKemendo on Saturday July 01, 2017 @12:43PM (#14677794)
Correct. Rational Choice Theory would expect that sub-optimal or inefficient actions from a single party would drive counterparties to competitive parties.
Re:Walmart threatens to cut ties with truckers that also hau... by amptorn on Saturday July 01, 2017 @01:08PM (#14677897)
Probably efficient for Walmart, sure.