A Multiple Leader Stackelberg Model and Analysis

Hanif D. Sherali
Additional contact information
Hanif D. Sherali: Virginia Polytechnic Institute and State University, Blacksburg, Virginia

Operations Research, 1984, vol. 32, issue 2, 390-404

Abstract: This paper presents a new multiple leader-follower model that is a consistent extension of Stackelberg's leader-follower duopoly. The development contrasts with other existing extensions by demonstrating how the leader-firms can utilize the true reaction curve of the follower-firms; it also provides sufficient conditions for some useful convexity and differentiability properties of this function. For the proposed model, we conduct a static analysis and discuss the existence, uniqueness, and computation of an equilibrium solution, as well as study certain issues regarding the relative profits of leader and follower-firms. Since the Cournot oligopoly and the Stackelberg leader-follower models are special cases of this model, the analysis in this paper hopefully provides some further insights about these types of models.

Keywords: 131 multiple Stackelberg leader-follower model; 622 equilibrating fixed points (search for similar items in EconPapers)
Date: 1984
References: Add references at CitEc
Citations: View citations in EconPapers (50)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.32.2.390 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:32:y:1984:i:2:p:390-404

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().