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The prediction of asymmetric equilibria with Stackelberg outcomes is clearly the most frequent result in the endogenous …
Persistent link: https://www.econbiz.de/10005260191
The paper demonstrates that, even when firms' initial moves are simultaneous, the mere opportunity to wait out the opponent's move may be as harmful as a secondmover disadvantage.
Persistent link: https://www.econbiz.de/10005190889
rival game behaviors: Stackelberg, Collusion, and Cournot, each of which provides the optimal decision for the duopolistic … three scenarios, the oligopolistic treatment of forwarders’ actions demonstrates that Stackelberg behavior can carry out the …
Persistent link: https://www.econbiz.de/10014935264
In this paper, we study the real and financial effects of insider trading in the spirit of Jain and Mirman (1999). Unlike the previous works that address this issue, we suppose that the production of the real good is costly and depends mainly of the price of an intermediate good produced locally...
Persistent link: https://www.econbiz.de/10009645273
We investigated the endogenous choice of roles by managerial firms in the presence of unilateral externality. The choice over timing can be taken either by managers or by owners. It is shown that (i) the choice of the timing by managers entails the same profit that owners would have achieved by...
Persistent link: https://www.econbiz.de/10009205012
capacity constraints reduce market size difference and price difference under Cournot. Second, under the Stackelberg case, the … existence of solution is proved, and Stackelberg competitions enlarge firm-size difference and price difference if the more … capacity. Finally, under the Stackelberg case, when the stronger firm plays the leading position, the firm-size difference and …
Persistent link: https://www.econbiz.de/10010597499
We consider an application of the Stackelberg leader-follower model in prices in a simple two-firm network as a …
Persistent link: https://www.econbiz.de/10010551750
, there is a Stackelberg leader among the states, with the remaining jurisdictions responding strongly to its policy moves …
Persistent link: https://www.econbiz.de/10010552704
presented: the Stackelberg model, the case of more production leaders, the price leader, the Cournot equilibrium for duopoly …
Persistent link: https://www.econbiz.de/10010614606
We consider an application of the Stackelberg leader-follower model in prices in a simple two-firm network as a …
Persistent link: https://www.econbiz.de/10010614791