FIFY
I may be a dumb engineer, but a 50 year career in the "deregulated" utility industry taught me to be an expert in the use of market power. You don't need to be a monopoly to exercise market power. Vail clearly has market power, and the entire ski industry has reorganized and developed new strategies in response.
Whether or not there is market power (under anti-trust law) depends on the definition of the market you are looking at. If you define the market as "lift served skiing in the town of Windham" then when there is clearly a monopoly, but if you define it as "winter vacations" then even every ski area in North America combined couldn't exercise market power. The ski industry in general understands that the second definition is real and important, but for property owners in Windham the first definition is more real and critical. That's why a lot of locals are cranked about the new business model at the mountain. The whole "club" is looking more and more like a play to grab some of the value of on and off mountain properties. The fact that it is legal only proves that existing laws are not adequate (or adequately enforced) to protect the interests small property owners (which in this case ironically includes the owners of $$$$$$ on mountain weekend homes).
None of what's happening in Windham is important except that it shows what is happening everywhere in the economy.
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