Green, Mitchell R. (2012): Recent evidence in the support of oligopolistic cooperation: a network approach. Published in: Oeconomicus , Vol. 12, (January 2012)
This is the latest version of this item.
Download (4MB) | Preview
This 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.
|Item Type:||MPRA Paper|
|Original Title:||Recent evidence in the support of oligopolistic cooperation: a network approach|
|Keywords:||John Munkirs; Centralized Private Sector Planning; Social Network Analysis; Oligopolistic Cooperation|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L14 - Transactional Relationships ; Contracts and Reputation ; Networks
D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary
Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
D - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market Imperfection
|Depositing User:||Mitchell Green|
|Date Deposited:||06 Dec 2012 13:40|
|Last Modified:||31 Dec 2016 20:56|
Anthonisse, J.M. 1971. "The Rush in a Directed Graph," In Stichting Mathematisch Centrum. Mathematische Besliskunde, 1 - 10. Stichting Mathematisch Centrum.
Borgatti, S.P.; M.G. Everett and L.C. Freeman. 2002. "Ucinet for Windows: Software for Social Network Analysis," In. Harvard, MA: Analytic Technologies.
Fortune 500 2010: Annual Ranking of America’s Largest Corporations. http:// money.cnn.com/magazines/fortune/fortune500/2010/ (accessed March 15th, 2011)
Hayden, F. Gregory. 1986. "Defining and Articulating Social Change through the Social Fabric Matrix and System Digraph." Journal of Economic Issues, 20(2), pp. 383-92.
____. 1982a. "Organizing Policy Research through the Social Fabric Matrix: A Boolean Digraph Approach." Journal of Economic Issues, 16(4), pp. 1013-26.
____. 1982b. "Social Fabric Matrix: From Perspective to Analytical Tool." Journal of Economic Issues, 16(3), pp. 637-62.
Hayden, F. Gregory; Kellee R. Wood and Asuman Kaya. 2002. "The Use of Power Blocs of Integrated Corporate Directorships to Articulate a Power Structure: Case Study and Research Recommendations." Journal of Economic Issues, 36(3), pp. 671-706.
Linton, C. Freeman. 1977. "A Set of Measures of Centrality Based on Betweenness." Sociometry, 40(1), pp. 35-41.
Mathieu, Bastian; Heymann Sebastien and Jacomy Mathieu. 2009. "Gephi: An Open Source Software for Exploring and Manipulating Networks." International AAAI Conference on Weblogs and Social Media; Third International AAAI Conference on Weblogs and Social Media.
Munkirs, John R. The Transformation of American Capitalism: from Competitive Market Structures to Centralized Private Sector Capitalism. New York: M.E. Sharpe. 1985.
Munkirs, John R. and Janet T. Knoedler. 1987. "The Existence and Exercise of Corporate Power: An Opaque Fact." Journal of Economic Issues, 21(4), pp. 1679-706.
Munkirs, John R. and James I. Sturgeon. 1985. "Oligopolistic Cooperation: Conceptual and Empirical Evidence of Market Structure Evolution." Journal of Economic Issues, 19(4), pp. 899-921.
Pitts, Forrest R. 1978. "The Medieval River Trade Network of Russia Revisited." Social Networks, 1(3), pp. 285-92. Reuters: Stocks & People. http://www.reuters.com/finance/stocks/ (accessed between March 15th and April 10th 2011)
Stephenson, Kurt and F. Gregory Hayden. 1995. "Comparison of the Corporate Decision Networks of Nebraska and the United States." Journal of Economic Issues, 29(3), pp. 843-69.
Veblen, T. The Theory of Business Enterprise. New Brunswick: Transaction Books. 1904
Wasserman, Stanley and Katherine Faust. Social Network Analysis: Methods and Applications. New York: Cambridge University Press. 1994.
Available Versions of this Item
Recent evidence in the support of oligopolistic cooperation: a network approach. (deposited 30 Oct 2012 00:30)
- Recent evidence in the support of oligopolistic cooperation: a network approach. (deposited 06 Dec 2012 13:40) [Currently Displayed]