oligopoly

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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 ?
inevitable result of ordinary profit maximization by oligopolists.
Firms in cohort t, t [member of] [[1,T]], behave as Cournotian oligopolists on the residual demand left by firms of cohorts [tau](1 < [tau] < t): it is as if they would not take into consideration firms playing after.
The oligopolist of the first half of the twentieth century became pawns in the wave of conglomeratization that swept the nation in the 1960s and 1970s.
The most often cited alternative is the encouragement of a firm to enter into an oligopolist pricing scheme where the new competitor prices its product at supra-competitive levels as well [Harvard Law Review 1993].
5) A Cournot oligopolist takes rivals `output as given when choosing its output; Cournot-Nash equilibrium is the set of outputs such that, given their others', no one of the oligopolists wishes to change its own output.
This may result from fads in financial markets which could explain the fact that acquisition waves tend to follow movements in the stock market(12) or it could reflect oligopolistic responses to changes in the power of one oligopolist.
There is a tendency toward cooperative market behaviour among oligopolist competitors because each has foresight, and correctly expects rivals to have similar foresight of its own strategic moves.
It should be noted that whereas the monopolist offers a price-quantity schedule in the above model, each oligopolist chooses a single quantity with a single price.
Although it is certainly correct to note that an actor who fills a structural hole between two loosely organized groups will gain political advantage, and also correct to note that a firm from an oligopolist industry will gain profit when transacting with an industry of many small firms, a more telling analysis might explain why the hole exists or why it was not filled before.
It is the creative, ingenious, and often intuitive use of new technology and the willingness to make a long-term commitment and investment that generates the competitive advantage for the oligopolist.
It was no big deal, hey," explained the Ontarion oligopolist.
Moreover, the powerful outsider can play one oligopolist against another in achieving attractive terms.
In the 1950s to 1970s, the dominant market structure, certainly in manufacturing, was that of a price-leading oligopolist.
If the assumed strong principal were the investor community, one would suspect that the elasticity of the demand for quality would be low since the extra cost that an oligopolist could extract for high quality would be small compared to what is at stake.
At most, they play the role of oligopolist regarding the governance of the monetary system.