A Stackelberg Oligopoly with Nonidentical Firms

Debashis Pal () and Jyotirmoy Sarkar

Bulletin of Economic Research, 2001, vol. 53, issue 2, 127-34

Abstract: This paper extends the Stackelberg model to include any number of nonidentical firms and demonstrates significant counterintuitive results. For example, entry of an additional firm may increase the quantities and/or profits of some existing firms; it may also increase the total industry profit. Copyright 2001 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 2001
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