Advantageous oligopoly in general equilibrium: a noncooperative approach
Lead Research Organisation:
University of Glasgow
Department Name: Business School
Abstract
Advantageous oligopoly in general equilibrium: a noncooperative approach
Organisations
Studentship Projects
| Project Reference | Relationship | Related To | Start | End | Student Name |
|---|---|---|---|---|---|
| ES/P000681/1 | 01/10/2017 | 30/09/2027 | |||
| 1972069 | Studentship | ES/P000681/1 | 02/10/2017 | 28/02/2021 | Damiano Turchet |
| Description | We developed a model to better explain monopolies. We showed how the concept of a monopoly equilibrium works in the context of a general economy, extending the usual understanding of this market structure, which is based on a so-called "partial equilibrium", i.e. considering a market in isolation with respect to the whole economy. Our contribution is to give a tool to understand monopolies when considering a "general equilibrium" perspective, i.e. when a whole economy is reproduced within the model. |
| Exploitation Route | Regulatory authority may better understand how and when to intervene to prevent consumers to be harmed by a monopoly that is abusing its position of power. |
| Sectors | Creative Economy,Government, Democracy and Justice |