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

---

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

---

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

Similar abstracts:

• Abstracts: A short sketch of Stackelberg's career. Economists and the social question: a study of the periodical literature in English
• Abstracts: Stock market volatility and the crash of 1987: evidence from six emerging markets. The gold standard: perfectly integrated world markets or slow adjustment of prices and interest rates?
• Abstracts: Developments in the economies of the European Union
• Abstracts: Equilibrium binding agreements. Mutual observability and the convergence of actions in a multi-person two-armed bandit model
• Abstracts: Bank portfolio composition and macroeconomic activity. Regulation can foster mergers, can mergers foster efficiency? The Italian case

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.