UDC 330, 338.5
DOI: 10.36871/ek.up.p.r.2024.03.04.001
Authors
Ivan N. Makarov,
Lipetsk Branch of the Financial University under the Government of the Russian Federation; Leading researcher, Lipetsk Cossack Institute of Technology and Management (branch) of the federal state budgetary educational institution of higher education “Moscow State University of Technology and Management named after K. G. Razumovsky (First Cossack University)”, Lipetsk, Russia
Bela H. Lolaeva,
Federal State Budgetary Educational Institution of Higher Education «North Ossetian
State University named after K. L. Khetagurov», Vladikavkaz, Russia
Anastasia V. Sharopatova,
Krasnoyarsk State Agrarian University, Russia
Alexandra I. Volodina,
Lipetsk Branch of the Financial University under
the Government of the Russian Federation
Abstract
This paper studies the essence and significance of one of the components of imperfect competition – oligopoly. In the course of writing the paper, the main specific features of oligopoly that distinguish it from monopoly and monopolistic competition have been identified. In addition, the main conditions of its emergence were noted, with the allocation of varieties of the category under consideration. An important place in the study was given to the main models of oligopoly, in particular: price leadership model, Bertrand model, cartel model and Cournot model. In addition, a comparative analysis was conducted to identify the positive and negative sides of the existence of oligopoly. Undoubtedly, the topic of our research is very relevant at the current stage of economic development. This is primarily due to the fact that oligopoly acts as one of the most common market structures. After all, almost all technically complex industries belong to oligopoly, in particular such industries as metallurgy, electronics, automobile manufacturing and many others.
Keywords
oligopoly, competition, market economy, producer, pricing policy, Cournot model, Bertrand model.
