How Hierarchical Structures Impact on Competition
How Hierarchical Structures Impact on Competition
Author(s): Alexsandr Galegov, Andrey GarnaevSubject(s): Economy
Published by: Univerzita Karlova v Praze - Institut ekonomických studií
Keywords: Hierarchical structure; multi-level Stackelberg equilibrium; Nash-Cournot equilibrium
Summary/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.
Journal: Czech Economic Review
- Issue Year: 2/2008
- Issue No: 03
- Page Range: 227-236
- Page Count: 10
- Language: English
