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- W2741143485 abstract "The Stackelberg duopoly is a fundamental model of sequential output competition amongst …rms. The equilibrium outcome of the model results in a …rst mover advantage where the …rst-moving …rm produces more output, and earns larger pro…ts, relative to the second-moving …rm. Huck, Muller, and Normann (2001) and Huck and Wallace (2002) test the Stackelberg duopoly in a lab setting and …nd that behavior is largely inconsistent with the equilibrium predictions of the model. We hypothesize that this inconsistency is a" @default.
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- W2741143485 title "Stackelberg in the Lab: The Eect of Group Decision Making and Cooling-o¤Periods" @default.
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