Stackelberg Games - Archive ouverte HAL Access content directly
Book Sections Year : 2018

Stackelberg Games

Ludovic A. Julien
  • Function : Author
  • PersonId : 1020989

Abstract

Stackelberg games feature strategic interactions among rational agents in markets on which some hierarchical competition takes place. In this chapter we present three prototypes of deterministic noncooperative Stackelberg games with increasing level of generality. The first is the basic duopoly game. The second is the oligopoly multiple leader-follower game. The third extends the multiple leader-follower games within the framework of bilateral oligopoly to cover a multi-commodity market. In each case, we define and characterize the strategic equilibrium. In addition, we study the consequences of market power and the implications in terms of welfare. We also consider endogenous timing, merging and free entry. We also compare the Stackelberg equilibria with the corresponding Cournot equilibria and with the competitive equilibrium.
No file

Dates and versions

hal-01549917 , version 1 (29-06-2017)

Identifiers

  • HAL Id : hal-01549917 , version 1

Cite

Ludovic A. Julien. Stackelberg Games. Handbook of Game Theory and Industrial Organization, Edward Elgar, pp.261 - 311, 2018. ⟨hal-01549917⟩
249 View
0 Download

Share

Gmail Mastodon Facebook X LinkedIn More