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In particular, the economic theory of market failure seeks to account for inefficient outcomes in markets that otherwise conform to the assumptions about markets held by neoclassical economics (i.e., markets that feature perfect competition, symmetrical information, and completeness).
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Merchants began to demand an end to the monopolies on the British market held by the Caribbean colonies and pushed instead for free trade.
The overall share of the smartphone market held by the big two, Apple and Samsung, will shrink to around 14% and 25% respectively in 2015, says Fitch Ratings (versus 15% and 31% in 2013).
The share of the investment-banking market held by European banks has slumped by a fifth since the crisis (see our special report), with many of the gains going to Wall Street's surviving behemoths.
In the last three years the share of the market held by the energy giants – British Gas, EDF, E.On, nPower, Scottish Power and SSE – has fallen from 99 per cent to 92 per cent, according to the energy strategists Cornwall Energy.
ATI's share of the discrete graphics market declined to 33percentt in the fourth quarter of 2007 from 43percentt in the same period in 2006, with most of the market held by Nvidia.
It also officially disclosed the first commitments for its 550-seat A3XX "superjumbo," bidding to end the 30-year-old monopoly in the jumbo market held by Boeing's 747.
The share of the American market held by the Big Three domestic automakers -- General Motors, Ford Motor and the Chrysler division of DaimlerChrysler -- fell to 59.1percentt in the quarter, according to the Autodata Corporation.
In a gruelling evidence session, MPs questioned why Smith – flanked by two members of his team – had not put a cap on overdraft charges and taken more radical measures to break the stranglehold on the current-account market held by the "big four" of Lloyds Banking Group, Royal Bank of Scotland, HSBC and Barclays.
Yet, the share of the worldwide smartphone market held by these two companies continues to slide.
According to a just-released study by two Harvard professors,* the fraction of the U.S. stock market held by large institutions nearly doubled from 1980 to 1996.
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