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AA00260492-19940001-0075.pdf
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Download
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:223.3 KB
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| Last updated |
:Dec 26, 2009 |
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: 1754 |
Total downloads since Dec 26, 2009 : 1754
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| Title |
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BERTRAND AND HIERARCHICAL STACKELBERG OLIGOPOLIES WITH PRODUCT DIFFERENTIATION
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| Creator |
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OKUGUCHI, Koji
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| Kana |
オクグチ, コウジ
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Tokyo Metropolitan University
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YAMAZAKI, Takeshi
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| Kana |
ヤマザキ, タケシ
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University of Wisconsin
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Keio Economic Society, Keio University
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1994
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Keio economic studies
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| Volume |
31
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| Issue |
1
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| Year |
1994
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| Start page |
75
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80
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| Abstract |
A hierarchical Stackelberg model where firms' entry is sequential is formulated for price-adjusting oligopoly with product differentiation. The firms' equilibrium prices, outputs and profits are derived and compared in relationship to the order of the firms' entry into the market. These equilibrium values are also compared with those for the non-hierarchical Bertrand oligopoly where all firms' decisions are simultaneously made.
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