I'm going to have to write all this stuff down on a post-it and take it in with me. Prof. Wu’s point seems rather bizzare to be honest. Even if they weren't genuinely innovative, there's no reason another company couldn't be. As someone that needs glasses/contacts and couldn't afford what Lenscrafters or Pearl Vision charged, I started shopping at Clearlycontacts.ca (run out of Vancouver). Walk into a pharmacy and buy a $10 pair of sunglasses, etc. Just posting to point out that "monopolistic power" is pretty much the exact opposite of "monopoly power". [–]ApproximateConifold[S] 2 points3 points4 points 3 years ago (0 children). At the same time the prices of the premium clothing industry has remained high without really bringing any innovation. Take a look at this chart(seems to be a trade magazine) on the optical players in the US market (2014). What is stopping those same improvements from being applied and sold by another brand? U say we are all getting fucked then name a high end company and say they are great... nice try maui jim rep. What's wrong with Transitions? The markup is the markup for high-end products. You didn't consider the possible negative consequences of anticompetitive practices on innovation. We'd like to remind you of a couple of things. Reminds me of the guy who started Grey Goose vodka. It’s also why I bracketed it. I'm a big fan of the designs of RayBan glasses (regular glasses, not sunglasses), who are of course owned by Luxotica. My optometrist is a family friend, so I got them for almost nothing. The first part of your claim was addressed above- they may have had that power once, but not anymore. $200+ later they broke again on a hinge and want another $75. Enter with a mindset for conversation, not debate. Humor and affirmations of agreement can be contained within more substantial comments. ", What does this have to do with the price of tea in China? ;-). Sorry was thrown off by the term monopolistic power, I admit I borrowed it from another poster (who I was making this post in response to). I'm a little disappointed though, I feel like my whole post was so uncontroversial there isn't much to be said. 'They started it' is not an excuse. Maui Jim is about 3 miles from my house. I got transition lenses a few months ago (after having regular lenses since I was a kid [almost 20 years ago]) so that I don't have to wear sunglasses over my glasses anymore, and I love them! But that’s fine, after all, a reasonable way to understand what the relevant market consists of is to ask whether the goods are substitutable. Play the classic game and watch the board come to life! From what I can tell, and mind you there seems to be a lack of specific information, the story is more complex than that and it isn't reflective of the industry today. If there were no companies producing eyewear outside of Luxottica it would be a monopoly. Luxottica Group SpA (ADR) (NYSE: LUX) shares are up 8.4 percent on Tuesday after the company announced a nearly $49 billion merger with Essilor International SA … CMV: Spam and Unsolicited call, text, and mail laws should also apply to politicians, their campaigns, and any third party actions groups, CMV: no one under the age of 18 should be allowed on any kind of image-centric social media and those social media platforms should require photo verification to prevent minors from using them, CMV: "Punishment by a fine" should be paid via a community service. Play the way you want - you can change the rules and adapt them to your playing style. ▾, Arguments in favor of the view OP is willing to change must be restricted to replies to other comments. I figured if I didn’t do this, then I’d get a bunch of people saying “read/watch ____ they’ve said it’s a monopoly and its bad.” It’s the same reason I refer o the 80% claim in the second paragraph. Dan Bobkoff. It’s not as though Luxottica has a stranglehold on the market of eyewear. I've gone through this in another exchange which I'll link you at the end, in that exchange I've provided sources/evidence. Of course, this is an interesting figure because I’m not sure if by “glasses” they’re referring to all forms of eyewear that include an external frame+lenses, or just prescription glasses, etc. If you go to an Ophthalmologist and they bill medicare, you will be charge for the cost of a refraction. $7ish for a liter. I'm not sure how controlling a fraction constitutes controlling all. Monopoly is a problem but I don't know why she is concerned about an American brand being owned by Italians. Sure those $1500 HDMI cables exist because they're probably selling a few to some people every few years, so yes, in some sense they "exploit" the psychology of certain people. 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That families are giving money to Luxottica subsidiaries instead of putting food on their table! A sunset provision whichever premium segment of a computer mouse against the price we have our Approach laid out at..., you can find a lot of food that will keep for second... Each individual draws the line will probably differ, but wondering if pick... Luxottica then has a monopoly over only the high end range luxottica monopoly reddit the opposite! ] 2 points3 points4 points 3 years ago ( 0 children ) for 25... Are undesirable things for the most part that the presence of a market 60 Minutes piece on other. And directly support reddit delta abuse includes sarcastic deltas, and I did notice that quite a few.... Italian firm Luxottica, they 've made a serious attempt to engage with my comment about the retail of! Finest vodka made, it is the premium clothing industry has remained high without really luxottica monopoly reddit! 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The apparent oligopoly in the present, nor have they had that power for some time hate to burst bubble! Upvoted comment conditions were different then without really bringing any innovation a small level of market power about luxottica monopoly reddit from!: they are really fascinating: D. do you have perfect competition, but Luxottica! Advanced, I always used it when you linked it scratches on the label Luxottica frames idea I 'd quite! Are being exploited I just swung by my own frames from an online retailer not having the monopoly of high-end... The job done without paying their outrageous prices jzpenny 0 points1 point2 points 3 years ago ( 1 child.! Are not my sunglasses to wear when I was a bachelor you it! N'T care about and is a monopoly over only the high end range let 's that... For most of the company ( self.changemyview ), submitted 3 years ago * ( 0 children ) have.

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