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Book Section Year : 2016

Non-competitive Markets

Abstract

A market is not competitive when the agents acting in such a market have the power to influence the price, directly or indirectly, something that does not occur under perfect competition. Generally, these agents have market power because they are few in number, have access to relevant information and can foresee the interdependence between their strategies and those of others.
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hal-01763411 , version 1 (11-04-2018)

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Nikolaos Georgantzis, Giuseppe Attanasi. Non-competitive Markets. Pablo Branas-Garza; Antonio Cabrales. Experimental Economics, Palgrave Macmillan, pp.21-36, 2016, 978-1-349-56046-2. ⟨10.1057/9781137538161_2⟩. ⟨hal-01763411⟩
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