ISSN:
1617-7134
Schlagwort(e):
Stackelberg model
;
dynamic oligopoly
;
stability
;
C62
;
C73
;
D43
Quelle:
Springer Online Journal Archives 1860-2000
Thema:
Wirtschaftswissenschaften
Notizen:
Abstract We investigate the (dynamic) stability of a stackelberg oligopoly model of a market of a homogeneous good, with output competition, one Stackelberg leader and a number of identical followers. We assume that each firm incurs quadratic production-adjustment costs if it changes its output. We present a simple necessary and sufficient condition for stability of the model. Using the condition, we compare the stability of this model with the stability of two related Cournot models in which all firms present are followers. It turns out that the Stackelberg model is “more stable” than these two Cournot models.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1007/BF01226829
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