A Final Word

Robert E. Kuenne
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Robert E. Kuenne: Princeton University

Chapter 13 in Price and Nonprice Rivalry in Oligopoly, 1998, pp 391-400 from Palgrave Macmillan

Abstract: Abstract This work was written with a framing vision of process that may now be stated in a more coherent manner than was possible in the piecemeal presentations of the individual chapters. The economics of oligopoly are ill suited to exclusive or even dominant analysis by the rigid formalism of modern microeconomics. At best, that methodology may provide partial insights into questionably simplified abstractions of oligopolistic environments — much in the manner that metaphor or analogy may provide enlightening guidance in the literary artist’s struggle to understand the complex motivations of the human personality. The economic theorist is more frequently motivated to derive determinate theorems from his efforts, and shapes the model’s assumptions with that overriding goal in mind, than he is to assure the realistic relevance of those theorems.

Keywords: Product Space; Tacit Collusion; Monopolistic Competition; Realistic Relevance; Logical Subset (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50371-7_13

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DOI: 10.1007/978-0-230-50371-7_13

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