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| Takanori Adachi and Takeshi Ebina |
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| ''Log-linear demand systems with differentiated products are inconsistent with the representative consumer approach'' |
| ( 2016, Vol. 36 No.1 ) |
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| 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. |
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| 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 |
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| Manuscript Received : Oct 19 2015 | | Manuscript Accepted : Feb 21 2016 |
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