Re: [OPE-L] oligopolies and consumers

From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Sun May 06 2007 - 12:50:42 EDT

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Semi-monopolies, such as the old AT&T or IBM, had so much money that they could
afford to do pure research, which would be profitable even if they would be able to
appropriate only a small part of the benefits.

This experience suggests the benefits of state supported research rather than
oligopolies.

For a short time you can have a competitive oligopoly -- Intel/AMD.  They are now
shifting to a cuthroat price competition, but for a while, they were engaging in
serious product competition.  This is always an unstable situation.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com

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In reply to: glevy@PRATT.EDU: "Re: [OPE-L] oligopolies and consumers"
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