The Monopolisation of Triopoly

• Authors: Prokop J. , Dietl M.
• Languages of publication: PL

Abstracts

EN

The article dwells on the possibility of monopolising an industry through acquisitions and takeovers of rival firms under conditions when authorities regulating the market are inactive. Extending the approaches that are present in the literature on the subject the authors attempt to analyse the existing triopoly under which one of the firms takes over another rival and thus could become a market leader in the sense of Stackelberg. The authors provide a proof that under such conditions it is possible that a single company is in position to acquire competing firms. This analysis also shows that the market forces can not, on their own, prevent takeovers to happen, which in turn lead to the monopolisation of an industry. The conclusion therefore is that antimonopoly authorities should use their force to prevent acquisitions and takeovers in industries with triopolistic structures.

Keywords

EN

ANTIMONOPOLY AUTHORITIES' ROLE; MARKET REGULATION; STRUCTURES IN OLIGOPOLIES; TRIOPOLY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2007
• Issue: 1
• Pages: 61-74
• Document type: ARTICLE

Contributors

author

Prokop J.

author

Dietl M.

• J. Prokop, Szkola Glówna Handlowa w Warszawie, al. Niepodleglosci 126, 02-554 Warszawa, Poland

Identifiers

CEJSH db identifier

07PLAAAA02755624