Game Theory and Oligopolies Game Term Paper

Open, View, and/or
Download this Document

Total Length: 461 words ( 2 double-spaced pages)

Total Sources: 0

Page 1 of 2

In other words, excessive participation and competition can result in a negative outcome for everyone without collusion and segmentation of behavior.

Applying this principle to economics, it makes sense in an oligopolistic market where only a few sellers dominate to engage in some collusion, or, if this is not legally possible, for each to concentrate on a specific market segment, rather than waste too many resources, target the entire market or worse, engage in a competitive price war for the same market segment as a competitor in a way that that drives prices down for all the sellers in the market. This type of collusion or segmentation becomes more difficult as more entities enter the market.

Stuck Writing Your "Game Theory and Oligopolies Game" Term Paper?

View All Our Example Game Theory and Oligopolies Game Term Paper

Have A Custom Example Essay Written

When a market is no longer an oligopoly, sellers lose out. For example if another group of male students enter the bar and target the blonde, brunette, and redhead in a way that interferes with the agreement of the oligopoly of male graduate students, the original group of students might rationalize that loss is possible with many of the outcomes so why not go for the best looking girl? Thus, this illustrates why oligopoly is a more desirable arrangement for sellers, if not for buyers, as it reduces buyer choice, reduces the likelihood of sellers losing out, increases unpredictability, reduces the likelihood of sellers losing out, increases unpredictability, and also keeps prices higher......

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Game Theory And Oligopolies Game" (2008, June 04) Retrieved May 22, 2025, from
https://www.aceyourpaper.com/essays/game-theory-oligopolies-game-29488

Latest MLA Format (8th edition)

Copy Reference
"Game Theory And Oligopolies Game" 04 June 2008. Web.22 May. 2025. <
https://www.aceyourpaper.com/essays/game-theory-oligopolies-game-29488>

Latest Chicago Format (16th edition)

Copy Reference
"Game Theory And Oligopolies Game", 04 June 2008, Accessed.22 May. 2025,
https://www.aceyourpaper.com/essays/game-theory-oligopolies-game-29488
   

Open, View, and/or
Download this Document
order custom essay example