(14) It depicts also the price results of the COLUMBUS simulation, differentiated for the NWE and the SEE market as well as for an oligopolistic
and a competitive upstream behavior for each respective year.
In contrast to equilibria associated with perfect competition, monopoly, or monopolistic competition, firms operating in an oligopolistic
market may choose to follow different strategies leading to different expected results.
to distinguish the category of conduct I call "oligopolistic
" (conduct that is initiated by an actor's making a move it would not have perceived to be profitable ex ante but for the actor's belief that its rivals' responses would be or might be affected by their perception that it could react to their responses) from other categories of interdependent decision-making, (73)
competition, entry is below (above) optimum if the substitution elasticity between goods is low (high).
Therefore, in this paper, according to the actual situation of China's electricity market, the best-response dynamic model of oligopolistic
power producer's bidding is constructed based on the assumption that all producers have bounded rationality, and then the relationships between the evolutionarily stable strategy (ESS) of power producer's bidding and the market demand and ceiling and floor price as well as biding frequency are discussed.
There are a handful of companies dominating the market in an oligopolistic
The Libor scandal demonstrated that the London-based market is not a real market but an oligopolistic
Uvalic ed., Franco Angeli, Milano, 2012), demand elasticity estimation has been pursued using supply data in order to construct a residual demand curve for oligopolistic
suppliers and measure unilateral market power through the Lemer index.
He also said that some rating agencies and accounting firms enjoyed oligopolistic
power over the markets.
Though the companies might sugar- coat their policy through terms like " dynamic pricing business model", the moot issue remains that they are cashing in on their oligopolistic
"This will end monopolistic, oligopolistic
and abusive practices.
Instead, Canada developed a national oligopolistic
banking system with limited entry protected by the national government.