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A Simple Algebraic Approach to Teaching Oligopoly Models

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  • Ananish Chaudhuri

Abstract

This paper develops simple algebraic model which provides a new perspective on (1) how we teach the interaction between firms in a Stackelberg model; and (2) how the same framework can be extended to a discussion on entry into an industry. Besides providing a different approach to teaching the Stackelberg model, my framework has the additional advantage that it is intuitive, technically simple and thus readily accessible to students who may not have a background in calculus.

Suggested Citation

  • Ananish Chaudhuri, 2002. "A Simple Algebraic Approach to Teaching Oligopoly Models," The American Economist, Sage Publications, vol. 46(1), pages 36-41, March.
    • Handle: RePEc:sae:amerec:v:46:y:2002:i:1:p:36-41
    DOI: 10.1177/056943450204600105
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    References listed on IDEAS

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    1. Aoki, Reiko & Prusa, Thomas J., 1996. "Product Development and the Timing of Information Disclosure under U.S. and Japanese Patent Systems," Journal of the Japanese and International Economies, Elsevier, vol. 10(3), pages 233-249, September.
    2. Aoki, Reiko & Prusa, Thomas J., 1997. "Sequential versus simultaneous choice with endogenous quality," International Journal of Industrial Organization, Elsevier, vol. 15(1), pages 103-121, February.
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    Cited by:

    1. Carlos J. Asarta & Austin S. Jennings & Paul W. Grimes, 2017. "Economic Education Retrospective," The American Economist, Sage Publications, vol. 62(1), pages 102-117, March.

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