@techreport{31828f9f7ae64d7d9ab6d4463fcb1611,
title = "On the Microfoundation of Linear Oligopoly Demand",
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.",
keywords = "microfoundations, oligopoly theory, product differentiation, representative consumer models",
author = "Iwan Bos and Dries Vermeulen",
year = "2019",
month = jan,
day = "28",
doi = "10.26481/umagsb.2019004",
language = "English",
series = "GSBE Research Memoranda",
publisher = "Maastricht University, Graduate School of Business and Economics",
number = "004",
address = "Netherlands",
type = "WorkingPaper",
institution = "Maastricht University, Graduate School of Business and Economics",
}