Proceedings of the 3rd Annual International Conference on Social Science and Contemporary Humanity Development

Do Outside Options Reinforce or Weaken the Monopoly Power? —An Experiment Review

Authors
Gui-Rong Shao
Corresponding Author
Gui-Rong Shao
Available Online September 2017.
DOI
https://doi.org/10.2991/sschd-17.2017.100How to use a DOI?
Keywords
Outside Option, Monopoly Power, Experiment.
Abstract

Consumers having outside options are an important continuation for market trading theory. The article discusses the question: allowing consumers to "shop around", does monopoly power sensitively respond to consumers with or without outside options? The related literatures were summarized and showed that there are three distinct opinions: outside options make the monopoly power more prone to compete; the monopoly power more prone to perfect monopoly level and outside options are not immediately relevant to the final trading. As the time over, monopoly power is significantly reduced; it converges to an intermediate value between monopoly and compete; but the convergence rate is not so fast.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 3rd Annual International Conference on Social Science and Contemporary Humanity Development
Series
Advances in Social Science, Education and Humanities Research
Publication Date
September 2017
ISBN
978-94-6252-401-9
ISSN
2352-5398
DOI
https://doi.org/10.2991/sschd-17.2017.100How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Gui-Rong Shao
PY  - 2017/09
DA  - 2017/09
TI  - Do Outside Options Reinforce or Weaken the Monopoly Power? —An Experiment Review
BT  - Proceedings of the 3rd Annual International Conference on Social Science and Contemporary Humanity Development
PB  - Atlantis Press
SP  - 528
EP  - 532
SN  - 2352-5398
UR  - https://doi.org/10.2991/sschd-17.2017.100
DO  - https://doi.org/10.2991/sschd-17.2017.100
ID  - Shao2017/09
ER  -