Innovation Product Dynamics on The Oligopoly Market

Fitriasuri, f and Kuzery, H (2014) Innovation Product Dynamics on The Oligopoly Market. In: International Conference on Information Technology and Business Aplication.

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Oligopoly market conditions led to intense competition among companies. However, the number of firms involved in oligopoly markets is relatively small. Consequently there is the possibility of interfirm price agreement. This will benefit the company but highly detrimental to consumers in the long run. On the other hand oligopoly market opens great opportunities for the development of technological innovation and encouraging companies to become better and more efficient. If this is the case then the consumers benefit and ultimately bring better welfare. Innovations in practice are in uenced by many things. Innovation will increase in small quality gap or high competition, and conversely decreases when the quality gap wider. Under conditions of high competition, companies are efficient in production, have more incentive to innovate and otherwise at low competitive conditions less efficient companies to carry out more incentivizing innovation. Innovation is also in uenced by the structure of trade unions in the company on the oligopoly market. In oligopoly companies with centralized unions and large, innovation is higher than in the case of a decentralized independent union.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Mr Operator LP
Date Deposited: 19 Mar 2014 07:48
Last Modified: 19 Mar 2014 07:48

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