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The oligopolistic structure of the open pension funds in Poland implies homogeneity of their behaviors on the market. In particular, it influences low competitive pressure between the funds. This Article draws attention to poor competitiveness of the funds, both in the area of price competition,...
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entry oligopoly, buyer surplus is U-shaped. If buyer surplus in the external market is low, local surplus is better provided … by local oligopoly, but moves against external surplus; if it is high, local and external surplus co-move, and local …
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