There is a history of mathematical models of oligopolistic…
“There is a history of mathematical models of oligopolistic competition dating from Cournot to the theory of games. There is also a literature generated by institutional economists, lawyers, and administrators interested in formulating and implementing public policy. It has been the tendency of these groups to work almost as though the other did not exist.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economists and policymakers often ignore each other's existence, leading to siloed approaches in competition and policy.
In simple terms: Groups work in isolation, hindering cooperation.
Key Takeaway
Promote interdisciplinary collaboration.
Themes
economics
policy
competition
games
institutional analysis
Mood
analytical
critical
Type
academic
policy
When to use this quote
- regulatory reform
- academic research
- strategic planning
Key Concepts
siloed thinking
interdisciplinary gaps
public policy design
Questions to Reflect On
- How can you bridge gaps between economists and policymakers?
- What benefits arise from interdisciplinary work?
A Different Perspective
Collaboration can be difficult to achieve.