One-Leader and Multiple-Follower Stackelberg Games with Private Information

Tomoya Nakamura

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

Abstract: This study analyzes one-leader and multiple-follower Stackelberg games with demand uncertainty. We demonstrate that the weight on public information regarding a follower's estimation of demand uncertainty determines the strategic relationship between the leader and each follower. When the relationship is strategic complement, the leader can exit from a market. The threshold is determined by the intensity of Cournot competition among the followers.

Date: 2014-07, Revised 2014-08
New Economics Papers: this item is included in nep-cdm, nep-com, nep-cta, nep-ger and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0908r

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