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

Files in This Item:
File Description SizeFormat 
WP02.22.pdf505.15 kBAdobe PDFDownload
Title: The road less travelled : oligopoly and competition policy in general equilibrium
Authors: Neary, J. Peter
Permanent link: http://hdl.handle.net/10197/1259
Date: Oct-2002
Online since: 2009-07-21T14:07:59Z
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.
Funding Details: Economic and Social Research Council
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP02/22
Keywords: Competition policyDixit-Stiglitz preferencesGeneral equilibriumGOLE (General Oligopolistic Equilibrium)Oligopoly
JEL Codes: D50; L13; L40
Subject LCSH: Competition--Government policy
Equilibrium (Economics)
Oligopolies--Econometric models
Antitrust law
Other versions: http://www.ucd.ie/economics/research/papers/2002/WP02.22.pdf
Language: en
Status of Item: Not peer reviewed
This item is made available under a Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/1.0/
Appears in Collections:Economics Working Papers & Policy Papers

Show full item record

Page view(s) 50

1,561
Last Week
3
Last month
11
checked on Apr 18, 2021

Download(s) 50

276
checked on Apr 18, 2021

Google ScholarTM

Check


If you are a publisher or author and have copyright concerns for any item, please email research.repository@ucd.ie and the item will be withdrawn immediately. The author or person responsible for depositing the article will be contacted within one business day.