Oligopoly
This concept explores oligopolies, one of the most common forms of market organisation in the manufacturing sector. It explains the major strengths and drawbacks of oligopolies and brings the concept to life with case studies from across industries and world regions. Success factors for competing successfully in an oligopoly are outlined.
Technique Overview
Oligopoly Definition
Oligopoly is a market structure in which only a few sellers offer similar or identical products. Selling prices may be higher than in perfect competition and quantities supplied lower. The most simple form of oligopoly is the duopoly, a market served by only two companies (Mankiw, 2009).
Oligopoly Description *
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Business Evidence
Strengths, weaknesses and examples of Oligopoly *
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Business Application
Implementation, success factors and measures of Oligopoly *
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Professional Tools
Oligopoly videos and downloads *
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Further Reading
Oligopoly web and print resources *
Oligopoly references (4 of up to 20) *
- Griffiths, A., Wall, S. (2007) Applied Economics. Pearson Education.
- Güth, W., Pull, K., Stadler, M., Zaby, A. (2014) Endogenous Price Leadership – A Theoretical and Experimental Analysis, Journal of Economic Behaviour & Organization, in press.
- Hsu, S-Y., Lo, C-P., Wu, S-J. (2014) The Nexus of Market Concentration and Privatization Policy in Mixed Oligopoly, Economic Modelling, 38, 196-203.
- Lippert, J. (2011) Cargill Defines Food Chain While Assailing Government Hoarding. Bloomberg, Jul 27. Available at: http://www.bloomberg.com/news/2011-07-27/cargill-defines-food-chain-while-assailing-government-hoarding.html.
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