Parallel exclusion may also be implemented in dominant strategies when the excluders are not competing oligopolists
, but monopolists.
Experimental research| The behavior of oligopolists
in general and duopolists in particular has been the subject of considerable interest and analysis by experimental economists who undertake to simulate market behavior with economically motivated and constrained lab participants.
This article sheds light onto the question of whether vertically integrated oligopolists
have incentives to concede access to their bottleneck production factors to downstream entrants.
overly concerned about the ability of oligopolists
to tacitly achieve
On one hand, each of the n identical Cournot oligopolists
could choose a single output strategy that solves the following optimization problem given below for the [i.
Therefore, a study of location choice for multi-plant oligopolists
in a circular city model will fill a vacuum in the literature.
120) Consumers are exploited because of the excessive market power and price discretion in the hands of oligopolists
, and an oligopoly might operate much like a price-fixing cartel.
To have any hope of escaping a prisoner's dilemma outcome, oligopolists
need to have the means to enforce cooperation.
keep their price above marginal cost with understandings among the small group of players.
The Japanese, by contrast, were faced with the difficult task of penetrating a market dominated by incumbent oligopolists
, and were forced to think through their strategies in a more sophisticated way.
The literature has so far paid little attention to commitment games between co-existing oligopolists
It is often argued that since public industrial enterprises in a specific manufacturing activity are held together by a holding corporation, they behave like oligopolists
and fail to optimize output.
The idea of using a public firm to improve performance in an oligopoly has traditionally been based on the assumption that a welfare maximizing public firm will increase its output beyond that of profit maximizing oligopolists
From the perspective of the oligopolists
, the ideal solution would be an explicit agreement on prices and output, and elaborate policing mechanisms to ensure compliance.
Nor would the oligopolists
face significant threats from each other if their ingredient lists were disclosed.