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Takanori Adachi and Takeshi Ebina
''Log-linear demand systems with differentiated products are inconsistent with the representative consumer approach''
( 2016, Vol. 36 No.1 )
We argue that log-linear demands with differentiated products, which are viewed as useful modeling from an empirical standpoint, are generated from the representative consumer'’s utility only in a restrictive form.
Keywords: Log-linear demands, Product differentiation, Representative consumer approach
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
D4 - Market Structure and Pricing: General
Manuscript Received : Oct 19 2015 Manuscript Accepted : Feb 21 2016

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