> It's not working that well in software, one company has 90% of the desktop market.
Because the company uses quite a lot of administrative pressure (patent trolling, vendor's bullying etc etc), hence the market is not competitive.
You are talking about competitive markets here, not information asymmetry. I see no evidence that monopolies are the outcome of asymmetry of knowledge, but rather that they are the outcomes of significant administrative measures like license-bullying or patent-trolling.
The only markets that have the problem of information asymmetry are lemon markets.
> And these are industries where it's reasonably easy to pick and choose compared to trying to switch hospitals or doctors part way through your treatment.
It's way easier to change a doctor than to change a car. There are only few conditions which restrain one from bargaining: heart attacks and other severe conditions, and these should be treated differently.
But in case of the vast majority of diseases from common cold to Epstein-Barr changing the doctor and bargaining is even simpler than in most other markets.
But again, bargaining power has nothing to do with information asymmetry as well.
Because the company uses quite a lot of administrative pressure (patent trolling, vendor's bullying etc etc), hence the market is not competitive.
You are talking about competitive markets here, not information asymmetry. I see no evidence that monopolies are the outcome of asymmetry of knowledge, but rather that they are the outcomes of significant administrative measures like license-bullying or patent-trolling.
The only markets that have the problem of information asymmetry are lemon markets.
> And these are industries where it's reasonably easy to pick and choose compared to trying to switch hospitals or doctors part way through your treatment.
It's way easier to change a doctor than to change a car. There are only few conditions which restrain one from bargaining: heart attacks and other severe conditions, and these should be treated differently.
But in case of the vast majority of diseases from common cold to Epstein-Barr changing the doctor and bargaining is even simpler than in most other markets.
But again, bargaining power has nothing to do with information asymmetry as well.