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Topic: Oligopoly


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In the News (Sat 15 Jun 19)

  
  Oligopoly Watch
Whatever the upshot (and I belive that some of theose craft brewers will come to regret their confidence), it's another example of oligopolies adapting to the innovations of others by copying them and confusing the market and watering-down (double meaning intended) the competition.
We have often noted that big, industry-leading companies are often poor at generating major innovations, ones that are not simply an improvement on an existing product or technology but rather one that has the potential to disrupt an industry.
Oligopolies grow to have influence over public policy t their profit.
www.oligopolywatch.com   (6912 words)

  
  Oligopoly Prices 1
The oligopoly firms will compete on price so that the price and profits will be the same as those of a P-competitive industry.
The oligopoly price and profits will be somewhere between the monopoly and competitive ends of the scale.
Oligopoly prices and profits are "indeterminate." That is, they may be anything within the range, and are unpredictable.
william-king.www.drexel.edu /top/prin/txt/Imch/Im11.html   (243 words)

  
  NationMaster - Encyclopedia: Oligopoly
Oligopoly theory makes heavy use of game theory to model the behaviour of oligopolies: Game theory is often described as a branch of applied mathematics and economics that studies situations where players choose different actions in an attempt to maximize their returns.
An oligopoly may be categorized as either a homogeneous oligopoly or a differentiated oligopoly.
Oligopoly equilibrium occurs where the oligopoly firm is able to balance the output effect and the price effect.
www.nationmaster.com /encyclopedia/Oligopoly   (2359 words)

  
  Oligopoly
An oligopoly may be categorized as either a homogeneous oligopoly or a differentiated oligopoly.
In a competitive market situation that is not an oligopoly, firms compete by acting for themselves to maximize profits without regard to the reactions of their competitors.
While smaller firms may operate at the fringes of an oligopoly without affecting the other firms in the industry, the actions of a major firm in the oligopoly typically cause reactions in the other firms in the industry.
www.referenceforbusiness.com /encyclopedia/Oli-Per/Oligopoly.html   (861 words)

  
 Oligopoly
Still, oligopolies present governments and consumers with serious threats.
In Europe and Japan, national oligopolies are famous for fixing prices.
With the rise of a new oligopoly, prices are climbing and U.S. airlines earned record profits of $5 billion in 1998, Merrill Lynch and Co. estimates.
www.wright.edu /~tdung/oligopoly.htm   (1262 words)

  
 Chapter Notes
Oligopoly is different from the other types of market structures you will study (perfect competition, monopolistic competition and monopoly).
Oligopoly equilibrium occurs where the oligopoly firm is able to balance the output effect and the price effect.
This guarantees that oligopolies in the US will have to find a Nash equilibrium (as discussed in the first two sections of this study guide, rather than a collusive equilibrium that may be better for both firms, but worse for other firms and consumers.
www.lclark.edu /~bekar/Mankiw/ch16/notes.htm   (1058 words)

  
 Oligopoly
In this presentation, the narrator defines oligopoly; describes the different barriers to entry for oligopolies; examines the motivations of an oligopolist; and, explains how and why cartels are organized.
A distinguishing characteristic of oligopoly is the interdependence of firms.
Oligopolies tend to be predatory and may sacrifice profit for a gain of market share.
www.swlearning.com /economics/cebula/micro_f02_dialog.html   (514 words)

  
 Oligopoly
A duopoly is a simple form of oligopoly in which only two firms dominate a market.
Where an oligopoly exists, a few large suppliers dominate the market resulting in a high degree of market concentration; a large percentage of the market is taken by the few leading firms.
Examples of oligopolies may include the markets for petrol in the UK (BP, Shell and a few other firms) and soft drinks (such as Coke, Pepsi, and Cadbury-Schweppes).
moneyterms.co.uk /oligopoly   (438 words)

  
 [No title]
Electronic commerce presents a new opportunity for analytical paralysis over the “oligopoly problem” that has perplexed antitrust for decades, indeed for most of the past century.
Even as economic forces push these industries toward oligopoly, some of the forces that checked this trend in the 1990s are weakening.
As regards the bargaining model, work is being done both on a computer model, by which a solution can be established for any kind of pay-off function, and on experiments, until now involving around one thousand students, testing not only the bargaining model, but...
www.lycos.com /info/oligopoly--oligopoly-oligopoly.html   (380 words)

  
 The Arthritic Hand of Oligopoly
Oligopolies As the formation of trusts was restricted in the United States and cartels came under greater regulation in Europe, the oligopoly became the predominant big-business structure.
Oligopolies enjoy periods of stability in which price competition is limited or absent even while these firms struggle over market share through various forms of non-price competition.
Oligopoly is a compromise between society's interests in assuring that firms continue to improve products and production processes and the capitalists' interest in making a profit.
www.distance-ed.bcc.ctc.edu /econ100/ksttext/oligoply/oligoply.htm   (10105 words)

  
 Oligopoly   (Site not responding. Last check: )
Oligopolies enjoy periods of stability in which price competition is limited or absent even while these firms struggle over market share through various forms of non-price competition.
Oligopolies have developed a number of practices which serve to limit entry into the industry, avoid price competition and manipulate demand.
Oligopoly is a compromise between society's interests in assuring that firms continue to improve products and production processes and the capitalists' interest in making a profit.
www.eco.utexas.edu /graduate/Konstantinova/14_Oligopoly.htm   (9131 words)

  
 Revision Guru
Firms within an oligopoly produce branded products (advertising and marketing is an important feature of competition within such markets) and there are also barriers to entry.
Examples of oligopoly are the sale of petrol, supermarkets, telecommunications, banks and building societies.
Oligopoly firms compete on price so that price and profits will be the same as a competitive industry
www.revisionguru.co.uk /economics/oligopoly.htm   (602 words)

  
 [No title]   (Site not responding. Last check: )
An oligopoly is market form in which a market is dominated by a small number of sellers (oligopolists).
Oligopoly exists when there are a small number of firms selling in a single market.
The usual reason for this situation is that the optimal size of firm, the size at which average cost is minimized, is so large that there is only room for a few such firms; this corresponds to the sort of cost curves shown on Figure 10-10b.
www.lycos.com /info/oligopoly.html   (582 words)

  
 Monopoly - Oligopoly
An oligopoly is a market dominated by a few large suppliers.
Firms within an oligopoly produce branded products (advertising and marketing is an important feature of competition within such markets) and there are also barriers to entry.
Another important characteristic of an oligopoly is interdependence between firms.
www.tutor2u.net /economics/content/topics/monopoly/oligopoly_notes.htm   (822 words)

  
 Oligopoly
An oligopoly is much like a monopoly, in which only one company exerts control over most of a market.
In an oligopoly, there are at least two firms controlling the market.
The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market.
www.investopedia.com /terms/o/oligopoly.asp   (228 words)

  
 Oligopoly under Uncertainty - The Grenadier Model   (Site not responding. Last check: )
The two "real options" boundary conditions at the common threshold level X*(Q) are sufficient for the optimal strategic exercise of the option due to his Proposition 2 (the myopic firm threshold is equal to the firm's strategic threshold).
Grenadier's section 5 shows that, besides the monopoly and perfectly competitive industry cases, it is also possible to solve the oligopoly case as a single agent optimization problem.
As mentioned in the introduction, this is a very important result because permits the extension of known (or easier to obtain) results in perfectly competitive setting to the oligopoly case.
www.puc-rio.br /marco.ind/oligopoly_gren.html   (2479 words)

  
 Price Theory, Chapter 11: Game Theory, Strategic Behavior, and Oligopoly
When it fails to do so, as in the analysis of oligopoly or bilateral monopoly, it rapidly degenerates from a coherent theory to a set of educated guesses.
A second problem is that, for reasons that will be discussed in Chapter 19, it may often be in the interest of the government doing the regulation to support the producers against their customers rather than the other way around.
We will try to find the Nash equilibrium for an oligopoly first on the assumption that a firm's strategy is defined by the quantity it produces and then on the assumption that it is defined by the price the firm charges.
www.daviddfriedman.com /Academic/Price_Theory/PThy_Chapter_11/PThy_Chapter_11.html   (20316 words)

  
 OLIGOPOLY
In this topic the oligopoly form of market is studied.
The demand of a firm in oligopoly is made of two segments of two
The mutual interdependence of firms in oligopoly is demonstrated in the necessity to maintain price stability ahown in the kinked demand.
www.peoi.org /Courses/mic/mic7.html   (1187 words)

  
 oligopoly - Information from Reference.com
An oligopoly is a market dominated by a few large suppliers.
Oligopoly is a market structure characterized by a small number of...
In principle, the oligopoly's profits could never be higher than those of a...
www.reference.com /search?q=oligopoly&db=web   (215 words)

  
 OLIGOPOLY THEORY
Von Stackelberg proposed a model of oligopoly in which one firm, a follower, takes the output of the other firm as given (a Cournot type oligopolist) and adjusts its output accordingly.
Otherwise the result is the same as in the case of the Cournot oligopoly.
From (18) we also have that the change in oligopoly price is a weighted average of the shifts in the marginal costs and shifts in the demand function as given by the parameter p
www2.sjsu.edu /faculty/watkins/oligoply.htm   (683 words)

  
 Defining the new Oligopoly
Oligopolies have been around as long as commerce has.
The new oligopoly is made up of multinational corporations that have chosen specific product or service categories to dominate.
Small oligopolies (such as Coke, Pepsi, and Cadbury-Schweppes) make plenty of money and avoid the constant attention of the regulators.
www.oligopolywatch.com /stories/2003/04/17/definingTheNewOligopoly.html   (169 words)

  
 S-Cool! - AS & A2 Level Economics Revision - Quicklearn
The implication of this is that firms in oligopoly are interdependent.
Many economists believe that the main form of competition in oligopoly is non-price competition, and advertising in particular, to highlight the differences in the products.
Although it is assumed that firms aim to maximise their profits in the kinked demand curve model of oligopoly (see later), it is quite possible that the managers of these firms may have other managerial objectives, associated with power of sales maximisation (if their salaries are based on sales).
www.s-cool.co.uk /topic_quicklearn.asp?loc=ql&topic_id=8&quicklearn_id=2&subject_id=11&ebt=52&ebn=&ebs=&ebl=&elc=13   (584 words)

  
 oligopoly and Stock Trading at TradeStars + Stock Trading   (Site not responding. Last check: )
The oligopoly relationship, of course is not a U.S. Senate oligopoly subcommittee, former SEC Chairman Arthur Levitt testified that, I am concerned is subsequently received.
This may result in the loss of web trading access for your account, requiring you new, more stringent margin requirements to account that are designated as pattern stock traders.
A day trade is the purchase and sale (or short sale and purchase) of the same security on the same day in a single oligopoly account.
www.tradestars.com /content/oligopoly.asp   (179 words)

  
 Oligopoly Watch (News) Erica Wetter
Steve Hannaford was too, but rather than complain, he created "Oligopoly Watch," a blog that he updates daily with interpretations of the economic moves of the most powerful corporations.
On "Oligopoly Watch," Hannaford not only reports daily on "the latest maneuvers" in the business sector, but also provides an elaborate terminology for discussing the current situation.
For that matter, "oligopolies lead to oligopsonies," -- or, those market sectors for which there are only a few buyers.
www.utne.com /webwatch/2004_132/news/11062-1.html   (264 words)

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