Monopolistic Competition in Indonesian Petroleum Industry.
Abstract
Competition has been considered to be the prime force which leads to an optimal solution of the economic problem. But the underlying assumptions used in the current equilibrium theory are so empirical, such that in the practical world there just is no competition as proposed by the theory. In fact, in real life economic competition does not exist in its pure form, but in a more realistic form instead: the monopolistic competition. A game theoretical approach is implemented to find answers to the issues of this particular phenomenon. Petroleum environment in Indonesia provides the structure for the economic analyses. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1973
- Accession Number
- AD0767687
Entities
People
- Sujoso Sukarno
Organizations
- Naval Postgraduate School