The Non-Robustness of the Nash-Stackelberg Equilibrium

David Prentice

No 1997.15, Working Papers from School of Economics, La Trobe University

Abstract: For a simple, standard sequential search model, the Nash-Stackelberg-Hybrid Equilibrium is shown to be non-robust when the assumption that all firms are constrained to operate the outlet is dropped. Firms open additional outlets to increase market power.

Keywords: Information; EDIRC; Provider-Institution:; RePEc:edi:smlatau (search for similar items in EconPapers)
Pages: 9 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ltr:wpaper:1997.15

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