Transcription of OLIGOPOLY - OECD.org
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OLIGOPOLY - OECD.org
OLIGOPOLY 1999 The OECD Competition Committee debated oligopolies in 1999. This document includes an executive summary, an analytical note by Mr. Gary Hewitt for the OECD and submissions from Australia, Canada, the European Commission, Finland, Germany, Italy, Japan, Korea, the Netherlands, New Zealand, Norway, Sweden, Switzerland, the United Kingdom and the United States, as well as an aide-memoire of the discussion. Oligopolies are markets where profit maximising competitors set their strategies by paying close attention to how their rivals are likely to react. In these conditions, firms might differentiate their products, which can benefit some consumers, but at a price. OLIGOPOLY inter-dependence can also foster anti-competitive co-ordination. Competition laws prohibit collusion that raises prices, restricts output or divides markets. But the laws do not prohibit conscious parallelism.
Oligopoly 1999 The OECD Competition Committee debated oligopolies in 1999. This document includes an executive summary, an analytical note by Mr. Gary Hewitt for the OECD and submissions
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