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- W2256952606 abstract "We investigate a Stackelberg oligopoly model in which m leaders and N-m followers compete. We find an asymmetric welfare implication of the Stackelberg model. Introducing a small number of leaders into the Cournot model can reduce welfare. However, introducing a small number of followers into the Cournot model always improves welfare. The key result behind this asymmetry is contrasting limit results in the cases where m → 0 and m → N. We also discuss the optimal number of leaders and the integer constraint for the number of the firms." @default.
- W2256952606 created "2016-06-24" @default.
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- W2256952606 date "2013-01-01" @default.
- W2256952606 modified "2023-10-02" @default.
- W2256952606 title "Asymmetric welfare implication between a small number of leaders and a small number of followers in Stackelberg models" @default.
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