Natural Oligopoly in Intermediated Markets

Arbeitspapier

) and convergence to a fragmented industrial structure does not obtain as the economy grows large. In particular, we find a natural oligopoly in which in general there are three larger intermediaries of similar size and one smaller intermediary occupying niche markets. Nevertheless, as the number of islands increases, spreads shrink to zero and almost competitive allocations arise.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Discussion Paper ; No. 1027

Classification and Topics

• Classification: Wirtschaft ; Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Oligopoly and Other Imperfect Markets
• Subject: intermediation ; network competition ; vertical product differentiation ; industrual structure ; natural oligopoly

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gehrig, Thomas
• Event: Veröffentlichung
• (who): Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
• (where): Evanston, IL
• (when): 1993

Further information

• Handle: http://hdl.handle.net/10419/221384
• Last update: 10.03.2025, 11:41 AM CET