Research output

On the Microfoundation of Linear Oligopoly Demand

Research output: Working paperProfessional

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Abstract

We critically assess the representative consumer model that forms the foundation of a well-known class of linear oligopoly demand structures. It is argued that this approach has several limitations. We present an alternative microeconomic foundation by deriving the same demand system directly from a population of heterogeneous buyers. Our approach can be easily adapted to different demand specifications.

    Research areas

  • microfoundations, oligopoly theory, product differentiation, representative consumer models

Documents

  • RM19004

    Final published version, 475 KB, PDF-document

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Details

Original languageEnglish
PublisherGSBE
Number of pages13
StatePublished - 28 Jan 2019

Publication series

NameGSBE Research Memorandum
PublisherGSBE
No.004