SAS Economists Podcast #6: The oligopolistic nature of the video game console market
welkerswikinomics.com on November 7th, 2007
by Annie Sung and Kristie Chung
Which do you prefer, the Wii? the XBox 360? the PS3? How about other video game consoles? Can you even think of any other video games consoles? Hmm… let’s see… how about the Sega? Wait, no, haven’t seen any of those in a while… what about the Atari? Oh, shoot, nope! Oh yeah, don’t forget the Caleco Vision (for the record, Mr. Welker’s earliest video game memory was of playing Smurfs on a Caleco Vision).
The fact is, today, the market for video game consoles has shrunk to three dominant firms: Nintendo, Microsoft and Sony. This podcast will investigate the video game console market, examine its characteristics, including the elasticity of demand for the different consoles, and conclude whether it exhibits the features of an oligopoly.
November 16th, 2007 at 3:04 pm
[...] If you haven’t seen it yet, check out this excellent podcast by two AP Econ students at SAS about the video game console market! SAS Economists Podcast #6: The oligopolistic nature of the video game console market. [...]