Capacity Expansion in Oligopoly

Authors

S. Sankar Sengupta
Gifford H. Symonds

Document Type

Report

Publication Date

9-1-1963

Abstract

Imperfections of competition may be modeled in terms of stochastic dependence of the price realized by an individual firm on certain decision variables of the firm and of its competitors; or models may be constructed describing how the profits of each competitor are influenced stochastically by the price or quantity decisions of every other competitor. Models of the latter type seem to blur the distinction between what is traditionally understood as monopolistic competition and oligopoly. We shall, therefore, look for some operational definition of oligopoly, that is, a definition in terms of what firms do and how the market (if any) is closed, leading to the formation of price(s).

Keywords

Operations research, Investments--Mathematical models, Oligopolies, Industrial organization (Economic theory)

Publication Title

Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University

Issue

Technical memorandum no. 31

Rights

This work is in the public domain and may be freely downloaded for personal or academic use

Recommended Citation

Sengupta, S. Sankar and Symonds, Gifford H., "Capacity Expansion in Oligopoly" (1963). Research Reports from the Department of Operations. 69.
https://commons.case.edu/wsom-ops-reports/69