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On Stackelberg's oligopoly theory

Article Abstract:

Stackelberg's interpretation of the theory of oligopoly translates to the players playing a one-stage game with a Nash-Cournot equilibrium or the players entering a dynamic world wherein equilibrium depends on the difference between the objective and the background rationality. Stackelberg also made a lasting contribution by citing the role of the oligopolistic information structure in determining the outcome of the dynamic market process.

Oligopolies

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An economic theory of leader choice in Stackelberg models

Article Abstract:

A lack of theoretical basis prevents the Stackelberg model from being used to describe market price determination. Its confinement to homogenous product markets is one of the setbacks characterizing the model. Research may be useful on the conditions for Pareto dominance of Stackelberg leadership models in differentiated product markets.

Research, Prices

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Von Stackelberg's equilibria for Bertrand-Edgeworth duopoly with buyouts

Article Abstract:

A comparison of the Stackelberg model game with and without the buyout option reveals that the driving force is the buyout option. One has to pay importance to the monopoly-like consequences of having buying-out as a possible conjecture. The model includes two firms, engaged in Bertrand competition, selling a homogenous good.

Monopolies

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