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'.
are pursuing profits maximization, first order condition is
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.
(7) Concentracion industrial oligopolists
y competicion monopolistica.
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.