How Hierarchical Structures Impact on Competition

Alexsandr Galegov () and Andrey Garnaev
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Alexsandr Galegov: Faculty of Applied Mathematics and Control Processes, St Petersburg State University, St Peterburg, Russia, http://www.spbu.ru/e/

Czech Economic Review, 2008, vol. 2, issue 3, 227-236

Abstract: Stackelberg models for hierarchical oligopolistic markets with a homogenous product were studied by researchers extensively. The goal of this paper is to extend the classical solution in closed form of the Stackelberg model for a general hierarchical structures composed by firms arranged into groups of different hierarchical levels.

Keywords: Hierarchical structures; multi-level Stackelberg equilibrium; Nash-Cournot equilibrium (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2008
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