The Influence of the Number of Business Actors on Price Stability in the Oligopoly Model
Article Sidebar
Main Article Content
Abstract
This research aims to analyze the influence of the number of business owners on price stability in an oligopoly market structure. In an oligopoly market, the interaction between business entities plays a crucial role in determining prices. A small number of businesses tends to create price instability due to interdependent competitive strategies, including potential collusion or aggressive price reactions. Conversely, as the number of businesses increases, competition becomes fiercer and the tendency for prices to stabilize also increases. This research uses a descriptive qualitative approach thru literature studies and microeconomic theory analysis using the Cournot and Bertrand models. The study results show that market structure significantly determines price formation patterns, with the number of business operators being an important variable in creating market efficiency and price stability. Additionally, strategic interdependence between firms explains the phenomenon of price stickiness and extreme fluctuations in oligopolistic markets. This finding contributes to understanding the dynamics of oligopoly and the policy implications for regulating a healthier and more competitive market structure. This research also recommends the importance of regulation to increase the number of business actors in order to foster a fair competitive climate and stable prices, thereby protecting the interests of consumers broadly.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
How to Cite
References
Ananda, F., Maharani, D. A., Ihwanudin, C., & Nurasyhari, M. (2024). Strategi persaingan di pasar oligopoli (analisis teori). JBI: Jurnal Bahasa Indonesia, 2(1), 36–48. https://doi.org/10.59966/jbi.v2i1.928 DOI: https://doi.org/10.59966/jbi.v2i1.928
Anwar, Syaiful. & Mubarok, Tasdik. 2019. pengaruh kredit, lama usaha dan jumlah pegawai terhadap jumlah produksi usaha mikro kecil menengah di kota tarakan. Jurnal Ekonomika, 9(2). https://doi.org/10.35334/jek.v9i2.768 DOI: https://doi.org/10.35334/jek.v9i2.768
Aulia, R. (2025). Analisis Struktur Pasar dan Implikasinya terhadap Persaingan Usaha. Circle Archive, 1(7).
Baye, M. R., & Prince, J. T. (2017). Managerial Economics and Business Strategy (9th ed.). McGraw-Hill Education.
Carlton, D. W., & Perloff, J. M. (2005). Modern Industrial Organization (4th ed.). Pearson Addison Wesley.
Diki, A. (2024). Analisis Mekanisme Penetapan Harga Komoditas Bahan Pokok Untuk Meminimalisir Kecurangan Pasar Ditinjau Dalam Perspektif Ekonomi Islam (Studi Pada Pasar Tugu Bandar Lampung). UIN Raden Intan Lampung.
Hairani, Fatma. & Efendi, Bakhtiar. 2024. Analisis Transmisi Kebijakan Moneter Dalam Mengendalikan Stabilitas Harga Dan Output Agregat Di Indonesia. Journal of Economic, Bussines and Accounting (COSTING), 7(4), 9226–9231. https://doi.org/10.31539/costing.v7i4.10061 DOI: https://doi.org/10.31539/costing.v7i4.10061
Kementerian Perindustrian Republik Indonesia. (2021). Profil Industri Manufaktur 2021. Jakarta: Pusat Data dan Informasi Industri.
Komisi Pengawas Persaingan Usaha Republik Indonesia (KPPU). (2020). Laporan Tahunan KPPU Tahun 2020. https://kppu.go.id
Lestari, Nur Dwi. 2021. Perkembangan Jumlah Pelaku Usaha, Asset dan Jumlah Tenaga Kerja di Kota Magelang tahun 2016-2019. EKOMBIS: JURNAL FAKULTAS EKONOMI, 7(1). https://doi.org/10.35308/ekombis.v0i0.2336 DOI: https://doi.org/10.35308/ekombis.v0i0.2336
Li, Hanyang. dkk, 2024. Decision of Production Combinations Based on Cournot Model and Linear Programming. Proceedings of the 1st International Conference on Innovations in Applied Mathematics, Physics and Astronomy, 119–125. https://doi.org/10.5220/0013001000004601 DOI: https://doi.org/10.5220/0013001000004601
Lipczynski, J., Wilson, J., & Goddard, J. (2009). Industrial Organization: Competition, Strategy, Policy (3rd ed.). Pearson Education.
Mankiw, N. G. (2012). Principles of Economics (6th ed.). South-Western Cengage Learning.
Putri, A. A., Fadinda, E., Anissaturrohmah, S., Qonita, Z., & Aprianto, N. E. K. (2025). Peranan Kekuatan Pasar dalam Penetapan Harga dan Kemajuan Teknologi. Inisiatif: Jurnal Ekonomi, Akuntansi Dan Manajemen, 4(1), 323–339. DOI: https://doi.org/10.30640/inisiatif.v4i1.3552
Raihan, Zaky. dkk. 2023, Pengaruh Diskriminasi Harga Terhadap Stabilitas Persaingan Usaha Di Indonesia. MENAWAN : Jurnal Riset Dan Publikasi Ilmu Ekonomi, 1(6), 317–331. https://doi.org/10.61132/menawan.v1i6.174 DOI: https://doi.org/10.61132/menawan.v1i6.174
Samuelson, P. A., & Nordhaus, W. D. (2001). Economics (17th ed.). McGraw-Hill.
Scherer, F. M., & Ross, D. (1990). Industrial Market Structure and Economic Performance (3rd ed.). Houghton Mifflin.
Stigler, G. J. (1964). A Theory of Oligopoly. Journal of Political Economy, 72(1), 44–61. https://doi.org/10.1086/258853 DOI: https://doi.org/10.1086/258853
Tirole, J. (1988). The Theory of Industrial Organization. MIT Press.
Wulandari, F., Putri, S. M., Wisanggeni, S. B., & Aprianto, N. E. K. (2024). Analisis Model Pasar Oligopoli Dan Strategi Pada Industri Layanan Telekomunikasi Di Indonesia. Jurnal Ilmiah Ekonomi Dan Manajemen, 2(12), 378–393. https://doi.org/10.61722/jiem.v2i12.3278 DOI: https://doi.org/10.61722/jiem.v2i12.3278
Zhang, Limin. 2023. Qualitative Properties and Bifurcations of a Cournot-Bertrand Duopoly Mixed Competition Model. https://doi.org/10.2139/ssrn.4435010 DOI: https://doi.org/10.2139/ssrn.4435010