Güth, Werner; Pull, Kerstin; Stadler, Manfred; Zaby, … - In: Journal of Economic Behavior & Organization 108 (2014) C, pp. 420-432
We present a model of price leadership on homogeneous product markets where the price leader is selected endogenously. The price leader sets and guarantees a sales price to which followers adjust according to their individual supply functions. The price leader clears the market by serving the...
