Construct · 1 fields · 1 citations

natural oligopoly: a standalone construct

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Industrial organization

result that when quality improvements fall mainly on fixed costs, only a bounded number of firms survive however large the market grows.

In industrial organization, natural oligopoly refers to result that when quality improvements fall mainly on fixed costs, only a bounded number of firms survive however large the market grows. This meaning comes from Shaked (1983) in Econometrica.[1]

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Nearby constructs

compactness2 fields · 3 citationsjingle · one word, two constructs fall2 fields · 3 citationsjingle · one word, two constructs market3 fields · 5 citationsjingle · one word, three constructs

References

Shaked, A., & Sutton, J. (1983). Natural Oligopolies. Econometrica, 51(5), 1469. https://doi.org/10.2307/1912285

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