Equilibrium in a Stackelberg duopoly
Theory of the games offers perfect tools for modelling imperfect competition specific processes, manifested in relation with product quantity (Cournot/Stackelberg type), product price (Bertrand type) or quality. The equilibrium solution in terms of output is highlighted in a Cournot situation, whils...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2021-03-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1522.pdf
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