The road less travelled : oligopoly and competition policy in general equilibrium

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Show simple item record Neary, J. Peter 2010-02-10T17:16:56Z 2010-02-10T17:16:56Z 2002-09-25
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 en
dc.status Not peer reviewed en
dc.neeo.contributor Neary|J. Peter|aut| en

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