An Introduction to Imperfect Competition via Bilateral Oligopoly
نویسندگان
چکیده
“It seems impossible to go on with analysing markets under the assumption of perfect competition. Direct observation of economic activity reveals that markets are the fields of “giants”, operating simultaneously with a fringe of small competitors. Even partial analysis has taken this picture of the market when proposing oligopoly solutions to describe the outcomes of imperfectly competitive markets. Behind the demand function there is a myriad of “small” price-taking agents, while the supply side is occupied by few agents appearing as giants, contrasting with the dwarfs on the demand side.” Gabszewicz (2013)
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تاریخ انتشار 2018