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| dc.contributor.author | Neary, J. Peter | |
| dc.date.accessioned | 2010-02-10T17:16:56Z | |
| dc.date.available | 2010-02-10T17:16:56Z | |
| dc.date.issued | 2002-09-25 | |
| dc.identifier.uri | http://hdl.handle.net/10197/1860 | |
| dc.description.abstract | I review previous approaches to modelling oligopoly in general equilibrium, and propose a new view which in principle overcomes their deficiencies: modelling firms as large in their own market but small in the economy as a whole. Implementing this approach requires a tractable specification of preferences. Dixit-Stiglitz preferences (which imply iso-elastic perceived demand functions) could be used, but "continuum-quadratic" preferences (which imply linear perceived demand functions) are more convenient. To illustrate their usefulness, I construct a simple closed-economy model of oligopoly in general equilibrium and derive some surprising implications for competition policy. | en |
| dc.format.extent | 437455 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | en |
| dc.publisher | University College Dublin. Institute for the Study of Social Change (Geary Institute) | en |
| dc.relation.ispartofseries | ISSC Discussion Paper Series | en |
| dc.relation.ispartofseries | WP 2002/06 | en |
| dc.subject | Competition policy | en |
| dc.subject | Dixit-Stiglitz preferences | en |
| dc.subject | General equilibrium | en |
| dc.subject | GOLE (General Oligopolistic Equilibrium) | en |
| dc.subject | Oligopoly | en |
| dc.subject.classification | D50 | en |
| dc.subject.classification | L13 | en |
| dc.subject.classification | L40 | en |
| dc.title | The road less travelled : oligopoly and competition policy in general equilibrium | en |
| dc.type | Working Paper | en |
| dc.internal.authorid | UCD0042 | en |
| dc.internal.availability | Full text available | en |
| dc.internal.webversions | Publisher's version | en |
| dc.internal.webversions | http://www.ucd.ie/geary/static/publications/workingpapers/isscwp2002road.pdf | en |
| dc.status | Not peer reviewed | en |
| dc.neeo.contributor | Neary|J. Peter|aut| | en |
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