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Notes Toward a Simplified Pedagogy of Oligopoly Theory


Stephen L. Cheung


The University of Sydney; Institute for the Study of Labor (IZA)

Innovation for Student Engagement in Economics: Proceedings of the Eleventh Australasian Teaching Economics Conference, Stephen L. Cheung, ed., pp. 13-22, 2005

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.

Number of Pages in PDF File: 10

Keywords: Economics pedagogy, Oligopoly theory

JEL Classification: A22, A23, D43, L13

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Date posted: June 7, 2006  

Suggested Citation

Cheung, Stephen L., Notes Toward a Simplified Pedagogy of Oligopoly Theory. Innovation for Student Engagement in Economics: Proceedings of the Eleventh Australasian Teaching Economics Conference, Stephen L. Cheung, ed., pp. 13-22, 2005. Available at SSRN: http://ssrn.com/abstract=906682

Contact Information

Stephen L. Cheung (Contact Author)
The University of Sydney ( email )
School of Economics
Merewether Building H04
Sydney, NSW 2006
Australia
+61 2 9351 2135 (Phone)
+61 2 9351 4341 (Fax)
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Feedback to SSRN (Beta)


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