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 contribution | Market imperfections: The case of business oligopolies and resource allocation in developing countries |
|---|---|
| Original language | Spanish |
| Article number | 12 |
| Pages (from-to) | 13 |
| Number of pages | 25 |
| Journal | Espacios |
| Volume | 38 |
| Issue number | 42 |
| State | Published - Jan 1 2017 |
All Science Journal Classification (ASJC) codes
- Business and International Management
- Management Science and Operations Research
- Management of Technology and Innovation