The oligopoly solution concept is identified
Oligopoly theory predicts that market price will be at least as high as the competitive price and no higher than the monopoly price. Particular oligopoly solution concepts offer more exact predictions, but it is difficult to know which solution concept holds in any real market. This paper shows that...
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Published in | Economics letters Vol. 10; no. 1; pp. 87 - 92 |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Amsterdam
Elsevier B.V
1982
Elsevier North Holland |
Series | Economics Letters |
Online Access | Get full text |
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Summary: | Oligopoly theory predicts that market price will be at least as high as the competitive price and no higher than the monopoly price. Particular oligopoly solution concepts offer more exact predictions, but it is difficult to know which solution concept holds in any real market. This paper shows that the oligopoly solution concept can be estimated econometrically. |
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ISSN: | 0165-1765 1873-7374 |
DOI: | 10.1016/0165-1765(82)90121-5 |