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|Title: ||Notes toward a simplified pedagogy of oligopoly theory|
|Authors: ||Cheung, Stephen L.|
|Issue Date: ||2005|
|Publisher: ||School of Economics and Political Science, The University of Sydney|
|Citation: ||Innovation for Student Engagement in Economics: Proceedings of the Eleventh Australasian Teaching Economics Conference, Ed. Stephen L. Cheung, pp. 13-22|
|Abstract: ||The standard exposition of duopoly in most intermediate microeconomics texts relies heavily on simplifying assumptions of linearity, yet it remains algebraically somewhat dense. In this note, I outline an alternative graphical approach that makes use of the same assumptions, but which may be more transparent to students with limited mathematical backgrounds. I apply this approach to developing quantity best-response functions in the Cournot model, the effective demand function facing a Stackelberg leader, and the price best-response functions in the differentiated-products Bertrand model.|
|Type of Work: ||Conference paper|
|Appears in Collections:||11th Australasian Teaching Economics Conference |
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