Oblivious equilibrium for concentrated industries.

This article explores the application of oblivious equilibrium (OE) to highly concentrated markets. We define a natural extended notion of OE, called partially oblivious equilibrium (POE), that allows for there to be a set of strategically important firms (the 'dominant' firms), whose firm states ar...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 46; no. 4; pp. 671 - 709
Main Authors:	Benkard, C. Lanier, Jeziorski, Przemyslaw, Weintraub, Gabriel Y.
Format:	Article
Published:	Wiley-Blackwell Winter2015
Subjects:	Economic equilibrium Industrial organization (Economic theory) Organizational behavior Economic models Econometrics
Online Access:	View this record in EBSCOhost