Oligopoly is a market structure characterized by a few dominant firms that control the majority of market share. These firms wield considerable influence over pricing and market outcomes, often resulting in …

To tackle this question we build a model with oligopolistic sectors. We provide a formula for the response of aggregate output to monetary shocks in terms of sufficient statistics: demand elasticities, …

Oligopoly : a market structure where there is small number of firms in the industry and where firms are interdependent with one another, creating uncertainty, barriers to entry are likely to exist

Oligopoly is a market structure in which small numbers of producers compete with each other and face strategic interdependence. There is a small number of large rms in the industry; because of their …

In this video, Professor Chad Syverson delves into the concept of oligopoly, a market structure where only a few firms compete, setting it apart from the extremes of perfect competition and monopoly.

In oligopoly markets, there is a tension between cooperation and self-interest. If all the firms limit their output, the price is high, but then firms have an incentive to expand output. The techniques of game …

We build a tractable model of oligopoly under general equilibrium, allowing firms to be large in relation to the economy, and then examine the effect of oligopoly on macroeconomic performance.