Administrators Quote by Martin Shubik

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

— John Kenneth Galbraith

A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the…

— Matthew Rabin

Competition drives growth in the end as opposed to monopolies.

— Dido Harding

I can observe the game theory is applied very much in economics. Generally, it would be wise to get into the mathematics as much…

— John Forbes Nash, Jr

A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The…

— Adam Smith

We don't have a monopoly. We have market share. There's a difference..

— Steve Ballmer

I think competition always produces better results than a monopoly.

— Beto O'Rourke

Every coercive monopoly was created by government intervention into the economy: by special privileges, such as franchises or subsidies, which closed the entry of…

— Ayn Rand

While control is needed, and perfectly warranted, our bias should be clear up front: Monopolies are not justified by theory; they should be permitted…

— Lawrence Lessig

Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.

— Nancy Pearcey

Paradoxically, it has turned out that game theory is more readily applied to biology than to the field of economic behavior for which it…

— John Maynard Smith

It is impossible to find a single example of a monopoly that has ever existed without official protection.

— Faustino Ballve