oligopoly

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Related to oligopolists: duopoly, Monopolistic competition

oligopoly:

see monopolymonopoly
, market condition in which there is only one seller of a certain commodity; by virtue of the long-run control over supply, such a seller is able to exert nearly total control over prices.
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oligopoly

See MONOPOLY.

Oligopoly

 

a term used in bourgeois economics to designate a form of market structure in developed capitalist countries. Under oligopolistic conditions several large firms monopolize the bulk of production and marketing and conduct nonprice competition among themselves. The term “oligopoly” was introduced by the English writer T. More, the founder of Utopian socialism, in his Utopia (1516). A mixture of monopoly and competition, oligopoly is characteristic of almost all branches of present-day capitalist mass production.

oligopoly

Economics a market situation in which control over the supply of a commodity is held by a small number of producers each of whom is able to influence prices and thus directly affect the position of competitors
References in periodicals archive ?
They particularly point to how the development of universally recognised technologies or brands allows these dominant oligopolists to control global supply chains in the role of 'system integrators'.
Ellickson (2007) established that the oligopolists build larger stores on average than do firms in the fringe, and also offer higher levels of several alternative measures of store quality.
A single excluding oligopolist generally faces some pressure to
In between the extremes, however, condemning oligopolists' parallel conduct or a monopolist's refusal to deal with customers can raise more complex questions because other values enter the Sherman Act analysis.
But each of these implications may arise as part of noncollusive conduct by oligopolists in a repeated game setting.
Provided that cohort-[tau] firms maximize their profit for any vector of strategies ([X.sub.1], ..., [X.sub.t - 1]), cohort-t leaders ([tau] < t) act as oligopolists ignoring the following cohorts.
An oligopoly is a structure in which a market or industry is dominated by a small number of sellers (oligopolists).
If intellectual property law is justified by appeals to the promotion of free competition, then the dilemma of the law is to balance the market failures that might occur when investment in innovation is deterred by unbridled free-riding versus the deterrence of innovation investment among second-comers if ill-conceived legal monopolies enable rent-seeking oligopolists to control and stifle follow-on innovation.
The standard approach focuses on the inefficiently low production chosen by producers with monopoly power, such as monopolists or oligopolists, that is, on the inefficiencies conditional on a given allocation of market power.
Absent a collusive carving up of the world market, investing abroad eventually yields multimarket contact among international oligopolists. The literature indicates that the ensuing head-to-head competition does not always result in lower profits.