An introduction to perfect and imperfect competition via bilateral oligopoly

Dickson, Alex and Tonin, Simone (2021) An introduction to perfect and imperfect competition via bilateral oligopoly. Journal of Economics, 133 (2). pp. 103-128. ISSN 0931-8658

[thumbnail of Dickson-Tonin-JE-2021-An-introduction-to-perfect-and-imperfect-competition]
Preview
Text (Dickson-Tonin-JE-2021-An-introduction-to-perfect-and-imperfect-competition)
Dickson_Tonin_JE_2021_An_introduction_to_perfect_and_imperfect_competition.pdf
Final Published Version
License: Creative Commons Attribution 4.0 logo

Download (395kB)| Preview

    Abstract

    This paper explores the study of bilateral oligopoly, in which both sellers and buyers have substantial influence on the market. We lead readers coherently through the key results that emerge from the literature on bilateral oligopoly by means of worked examples based on the same underlying two commodity exchange economy, along with broader consideration of the relevant literature. This allows us to concisely compare the different equilibrium outcomes when agents act simultaneously vs sequentially, and when some/all agents are assumed to behave competitively, giving the reader much-needed straightforward access to the results of this challenging literature.

    ORCID iDs

    Dickson, Alex ORCID logoORCID: https://orcid.org/0000-0001-9386-9036 and Tonin, Simone;