Monopolistic Competition in Indonesian Petroleum Industry.
NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF
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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
- Economics and Cost Analysis
- Operations Research