How Hierarchical Structures Impact on Competition

Stackelberg models for hierarchical oligopolistic markets with a homogenous product were studied by researchers extensively. The goal of this paper is to extend the classical solution in closed form of the Stackelberg model for a general hierarchical structures composed by firms arranged into groups of different hierarchical levels.

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Year of publication:	2008
Authors:	Garnaev, Andrey ; Galegov, Alexsandr
Published in:	Czech Economic Review. - Institut ekonomických studií, ISSN 1802-4696. - Vol. 2.2008, 3, p. 227-236
Publisher:	Institut ekonomických studií
Subject:	Hierarchical structures \| multi-level Stackelberg equilibrium \| Nash-Cournot equilibrium

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Extent:	application/pdf
Type of publication:	Article
Classification:	C72 - Noncooperative Games
Source:	RePEc - Research Papers in Economics

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