Imperfecciones de mercado: El caso de oligopolios empresariales y asignación de recursos en países en desarrollo

Translated title of the contribution: Market imperfections: The case of business oligopolies and resource allocation in developing countries

Giovanni E. Reyes, Diana Alexandra Sandoval

Research output: Contribution to journalArticlepeer-review

Abstract

The central aim of this study is to address the problem of oligopoly presence with special focus on market failures existing in developing countries. This research discusses fundamental links between the principle of market competition and -as part of this broad and dynamic scenario- location of resources. This is an important topic particularly when we are dealing with circumstances in which the main feature is characterized by a set of aspects related the presence of only few producers or market agents, sometimes dealing with products which lack of high added valued as major distinctive and competitive feature. Under these conditions, the most convenient location of resources is a significant challenge. This study goes deep into the theoretical considerations found almost a decade ago; it includes the theorem of Fisher related to taking advantages of market dynamics so companies can avoid high costs of opportunities and therefore increase their degree of competitiveness.

Translated title of the contributionMarket imperfections: The case of business oligopolies and resource allocation in developing countries
Original languageSpanish
Article number12
Pages (from-to)13
Number of pages25
JournalEspacios
Volume38
Issue number42
StatePublished - Jan 1 2017

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Management Science and Operations Research
  • Management of Technology and Innovation

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