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  • noun

Words related to oligopoly

(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors

References in periodicals archive ?
Unlike the case of the oligopolist, however, the role of IT in gaining competitive advantage for the local monopolist does not necessarily involve trying to gain market share; rather, the role of IT may be to strengthen the relationship between the organization and its customers and suppliers to maintain the foundation on which the monopoly is built.
781 (1946), in which each oligopolist cigarette manufacturer allegedly purchased more tobacco than it needed in order to exclude discount cigarette makers.
Under these assumptions, the analysis will be based on the Pigouvian model of third-degree price discrimination (Pigou 1932) within a market structure characterized by n identical Cournot oligopolists.
At most, they play the role of oligopolist regarding the governance of the monetary system.
3) The Mulligan and Fik papers theoretically examine the degree to which the pricing behavior of a spatial oligopolist is linked to the attributes not only of the closest rival, but also to the attributes of all rivals in the market area.
In addition, it's time to finish rethinking the social contract with employees as Ford becomes a normal company (not an oligopolist with General Motors) in a normal town (where labor doesn't come from one supplier) that must live in a global market.
That is, a given oligopolist may undertake foreign investment in order to "counter, check, or forestall a move by some oligopolist" (Graham 1978).
We assume that the rival firm is an oligopolist with the MNF's downstream branch but takes price as given when buying the input.
Rutenberg (1988) developed a model of Canadian firm behavior where dominant firms and oligopolist market leaders attempt to limit the sales volume of its rival firms through "umbrella pricing.
This rationalization process consists of each oligopolist searching to establish the relevant correlation for him between price and quantity and applying the results obtained in his market policy [1934, 95] Economic variables are no longer stable nor do individuals assume them to be constant and beyond their influence.
The equilibrium profit level of a symmetric Cournot oligopolist equals [(a - c).
A single excluding oligopolist generally faces some pressure to
Finally, problems with price and non-price discrimination of a monopolist or oligopolist in market A that is vertically integrated in market B competing with a stand-alone company that participates only in market B are well-known (ECONOMIDES & WHITE, 1995).
In practical terms it may be difficult for any single oligopolist to improve greatly upon his existing relative share of the total market.