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Three firms dominate the target date fund market, constituting an oligopoly. One firm – Vanguard – owns 72% of the passive TDF market, constituting a monopoly. Oligopolies and monopolies are bad. They ...
Caves, R. E., and M. E. Porter. "Market Structure, Oligopoly and the Stability of Market Shares." Journal of Industrial Economics 26, no. 4 (June 1978): 289–313.
Welfare effects of entry regulations are theoretically ambiguous in differentiated product markets. We use a dynamic oligopoly model of entry and exit with store-type differentiation and static price ...