BNET Business Dictionary
Business Definition for: Oligopoly
- a market in which there are only a few, very large, suppliers
Wiktionary Definition for: Oligopoly
- an economic condition in which a small number of sellers exert control over the market price of a commodity
Additional Resources
- Mixed Oligopoly, Subsidization And The Order Of Firm's Moves: The Relevance Of Privatization
- A series of previous papers demonstrate that there are no consequences from privatization in a mixed oligopoly when the government uses a subsidy to ensure first best. This conclusion depends upon the assumption that privatization results in a simultaneous move oligopoly. If instead privatization results in a public leader becoming...
- White papers 2003-12-04
- The Market for Intellectual Property: The Case of Complementary Oligopoly
- This paper applies a model of complementary oligopoly and anticommons pricing to the market for intellectual property rights. The model evidences the interesting and often overlooked result that, in the market for complementary goods price coordination and monopolistic pricing do not necessarily represent inefficient equilibria, when compared to the alternative...
- White papers 2002-05-29
- Durable goods oligopoly with innovation: theory and empirics
- Ronald Goettler Carnegie Mellon and Brett Gordon Columbia. Discussant: Ana Aizcorbe. This paper proposes a model of dynamic oligopoly and applies it to the microprocessor industry. Our findings highlight the "competing-with-itself" aspect of being a monopolist of a durable good: the monopolist must innovate to stimulate demand through upgrades....
- Research articles 2008-03-01
- Oligopoly. (gene drugs) (Science and Technology)
- Gene drugs Oligopoly ALL drugs--even the humblest and oldest ones--work by attacking proteins that have been linked to a disease or some other unpleasantness. The trouble with such protein-bashing drugs is that they are sledgehammers that tend to cause unwanted side-effects. A growing...
- Research articles 1989-06-17
- Institute for Operations Research and the Management Sciences
- This paper investigates the problem of planning marketing mix in dynamic competitive markets. The authors extend the Lanchester model by incorporating interaction effects, constructing the marketing-mix algorithm that yields marketing-mix plans with strategic foresight, and developing the continuous-discrete estimation method to calibrate dynamic models of oligopoly using market data. Both...
- White papers 2005-03-04
- American's Pilot Fighting for Compensation Restoration Once Again
- American's Pilot Fighting for Compensation Restoration Once AgainRE: American's Pilot Fighting for Compensation Restoration Once AgainCrank said..." The thing that’s really just amazing here is that the laws of supply and demand show that when fares go up, demand goes down. So, what happens when demand goes down? The pilots...
- Discussion threads 2008-08-09
- Strategic Trade Policy on Oligopolistic Markets
- The main purpose of this paper is to show theoretical assumptions of a motivation for implementing subsidies for domestic firm being a part of an international oligopoly. The paper will present figures showing the level of the R&D subsidisation in the EU-countries as well as in the countries joining the...
- White papers
- Exclusion zone; Rating agencies.(Do rating agencies distort financial markets?)(SEC investigatino)
- Regulators promise a belated review of the ratings oligopoly Regulators promise a belated review of the ratings oligopoly
- Research articles 2003-02-08
- Sarbanes-Oxley, just the beginning
- The GAO's report, Public Accounting Firms--Mandated Study on Consolidation and Competition, is fascinating reading. There is the finding that large public company auditing is a "tight oligopoly" among the Big Four, which the GAO indicates "raises potentia The GAO's report, Public Accounting Firms--Mandated Study on...
- Research articles 2003-09-01
- HBOS (HBOS).
- 842p - Banks - Since its creation in September 2001 through the merger of Halifax and Bank of Scotland, HBOS has bounded ahead. Keen to project itself as the new force in banking, and ready to challenge the oligopoly of the 'big four' clearing banks, 842p...
- Research articles 2005-03-11
- Financial Roundup: CEOs To Get Grilled, Geithner To Plug Holes, Regionals Not Consolidating
- Grilling the chiefs -- Eight of the biggest CEO names in banking, including Goldman Sach's Lloyd C. Blankfein, Citigroup's Vikram S. Pandit and Bank of America's Kenneth D. Lewis, will testify before the House Financial Services Committee today. Likely questions include how they spent $160 billion in bailout money, a...
- Blog posts 2009-02-11
- Market Structure and Quality: An Application to the Banking Industry
- This paper presents empirical evidence consistent with the predictions of the endogenous sunk cost model of Sutton (1991), with an application to banks. In particular, banking markets remain concentrated regardless of market size. Given an asymmetric oligopoly where dominant and fringe firms coexist, the number of dominant banks remains unchanged...
- White papers 2003-01-04
- Oligopoly Deregulation and the Taxation of Commodities
- This paper examine the interplay between market structure and the form that commodity taxation should take in a world in which firms produce differentiated products and so are able to exert some degree of market power. Our analysis takes explicit account of two important recent developments that carry significant implications...
- White papers 2002-12-30
- Scale Economies and Synergies in Horizontal Merger Analysis
- In this article one evaluates some aspects of the treatment of efficiencies, based on three years of enforcement experience under the revised Guidelines, including several litigated mergers, and based on economic principles drawn from oligopoly theory regarding cost savings, competition, and consumer welfare. The Merger Guidelines nevertheless recognize that most...
- White papers 2000-09-22
- Estimating Dynamic Pricing Decisions In Oligopolistic Markets: An Empirical Approach Using Micro And Macro-Level Data
- It is well documented in the marketing literature that households' brand choices within categories of inexpensive, frequently consumed packaged goods. Such effects arise out of households' tendencies to repeat-purchase brands out of habit or switch brands in a desire for variety. When such state dependence effects are present, market shares...
- White papers 2002-10-14
- Subsidies, Market Closure, Cross-Border Investment, And Effects On Competition: The Case Of FDI In The Telecommunications Sector
- This article discusses the Case of FDI in the Telecommunications Sector. Telecommunications long was a sector where sellers of services operated in protected local markets, where law and government regulation created and enforced barriers to entry, especially by foreign firms. During the late 1980s and through the 1990s, however, many...
- Case studies 2003-01-01
- The Effect of Falling Market Concentration on Prices, Generator Behavior and Productive Efficiency in the England and Wales Electricity Market
- This paper gathers evidence on what happened to prices and mark-ups during the last five years of the Pool, which have been studied relatively little compared to the first five years, and also seeks to make several more original contributions. A universal prediction of the various oligopoly models used to...
- White papers 2001-05-01
- Too Few Auditors To Go Around?
- From the executive summary: 'The US's General Accounting Office GAO has found no evidence of impaired competition in the audit market for public companies. Research into audit fees, however, did not conclusively identify a direct correlation with consolidation. The GAO's research into audit quality, auditor independence, and capital formation were...
- White papers 2003-07-31
- Entry Patterns Over the Product Life Cycle
- This paper studies an oligopoly model of entry over the product life cycle based on empirical evidence of demand for a new product growing over time and eventually falling. Yet, it is assumed that firms do not know ex ante when this can occur, which creates incentives to update information...
- White papers 2003-01-10
- Slotting Allowances and Retailer Market Power
- This paper uses a bilateral oligopoly model to study the slotting allowances in retailing industries. There are two symmetric manufacturers competing in the upstream market. In the downstream, there are a large retailer with considerable market share, and many small retailers with insignificant market shares. The retailers engage in price...
- White papers 2004-11-18
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