The oligopoly solution concept is identified

• Published in: Economics letters Vol. 10; no. 1; pp. 87 - 92
• Main Author: Bresnahan, Timothy F.
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 1982; Elsevier; North Holland
• Series: Economics Letters

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...