| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 983529 | Research in Economics | 2013 | 17 Pages |
Abstract
⺠We model Stackelberg competition in interrelated markets. ⺠The Stackelberg equilibrium concept is defined. ⺠We also provide an example and make comparisons with other strategic general equilibria. ⺠The Stackelberg equilibria converge toward the competitive equilibrium when the number of leaders increases unboundedly. ⺠The Stackelberg and Stackelberg-Cournot equilibria are Pareto dominated by the competitive equilibrium.
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Authors
Ludovic A. Julien,