monopoly

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Related to monopolistically: Nash equilibrium, oligopoly

have a monopoly on (something)

To be the only one who has or possesses something. If that company thinks that they can have a monopoly on telephone service, they're in for a rude awakening!
See also: have, monopoly, on

Monopoly money

1. A sum of money that has little or no importance to a person. A reference to the paper play money used in the board game Monopoly. He dropped nearly 30 grand on a single watch, but he's so loaded that it's just Monopoly money to him
2. Bills of currency that is printed on bright, multicolored paper. (In contrast to the simple green and white color of American currency.) Even after four years, I could never get used to the Monopoly money they use up in Canada.
See also: money, monopoly
References in periodicals archive ?
201) The Court's discussion of market behavior in terms of a monopolistically competitive model implies a willingness to discard a number of neoclassical assumptions including the lack of barriers to market entry, the existence of perfect information, and the rationality of market participants.
One seemingly "odd" feature of the monopolistically competitive economy is the apparent negative correlation between consumption and output.
In the vein of Monacelli (2005) I assume that endogenous deviations from PPP in the short run arise due to the existence of monopolistically competitive importers.
The model used in the simulations, basically, is a Ramsey growth model with the addition of a monopolistically competitive sector for business inputs and a robust tax structure.
The production sector is described by a continuum of monopolistically competitive firms each of which faces a downward-sloping demand curve for its differentiated product j [member of] [0, 1]:
During the period of patent protection, originators can set a monopolistically competitive price to maximize profits.
Finally, it is worth noting that the model could also be extended to analyze the role of firm-specific innovation (as an asymmetry creating force) and/or imitation between firms (as a convergence factor) in determining the monopolistically competitive market structure.
Salop, Steven and Joseph Stiglitz (1977), "Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion," Review of Economic Studies, (October): 493-511.
Final goods firms buy the wholesale good from entrepreneurs, differentiate it and sell it in a monopolistically competitive market.
The former combines Calvo-type price setting in a monopolistically competitive environment with the approach to inventories as introduced by Bils and Kahn (2000).
One of the pillar of the model-inflation adjustment equation, also known as New Keynesian Phillips Curve (NKPC) in the literature, has at least two important features; unlike the traditional Phillips curve the NKPC is forward-looking; and it has been derived from the profit maximising behaviour of the firms in a monopolistically competitive market structure.
Households consume a composite good that is a combination of outputs from monopolistically competitive firms.
To abstract from the reduction of the double margin, it is assumed that one product is supplied monopolistically while the other is supplied competitively.
Dixit, Vertical Integration in a Monopolistically Competitive Industry, 1 INT'L J.
The model economy consists of a representative household, a continuum of monopolistically competitive firms, and a monetary policy authority that adjusts the nominal interest rate in response to deviations of inflation and output from their targets.