In this article, we consider an ordered Stackelberg framework. In such a context, leadership is the preferred position. We show, using a linear model, with constant average costs, that the larger the number of a firm's followers is, the larger its profit. However, as the number of firms...

We show in this article the existence of endogenous rationing in a leader-follower duopoly with differentiated products. The duopolists compete in both prices and quantities and each may choose a price-quantity pair within the residual demand it faces in equilibrium. Therefore they are involved...

In this article, we study the convergence of a sequence of strategic equilibria in a model with a hierarchy of leaders and followers and where firms express their strategy in terms of both prices and quantity. In the duopoly case with an homogenous product, such a strategy set leads to...