Recent evidence in the support of oligopolistic cooperation: a network approach
AbstractThis paper seeks to retest the oligopolistic cooperation hypothesis of market structure from the Centralized Private Sector Planning literature, using 2010 data on corporate board membership and recent advances in social network analysis. Centrality measures are calculated based upon the corporate governance network emerging from common board membership on Fortune 100 firms. The findings herein suggest that not only does oligopolistic cooperation continue to characterize the US economy, but directors from the finance and insurance sector occupy a significantly more central role in the planning process than those of other industries.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42304.
Date of creation: 01 Jan 2012
Date of revision:
John Munkirs; Centralized Private Sector Planning; Social Network Analysis; Oligopolistic Cooperation;
Find related papers by JEL classification:
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-HME-2012-11-11 (Heterodox Microeconomics)
- NEP-NET-2012-11-11 (Network Economics)
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