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AA00260492-20140000-0069  
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Title
Title Relative profit maximization and irrelevance of leadership in Stackelberg model  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name 田中, 靖人  
Kana タナカ, ヤスヒト  
Romanization Tanaka, Yasuhito  
Affiliation Faculty of Economics, Doshisha University, Kyoto, Japan  
Affiliation (Translated)  
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Place
Tokyo  
Publisher
Name Keio Economic Society, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 2014  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio economic studies  
Name (Translated)  
Volume 50  
Issue  
Year 2014  
Month  
Start page 69  
End page 75  
ISSN
00229709  
ISBN
 
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Doctoral dissertation
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Abstract
We study the Stackelberg equilibrium in a symmetric duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit of the rival firm. We show that the equilibrium output and price of the good of the leader and those of the follower are equal, that is, the role of leader or follower is irrelevant to the equilibrium, and the equilibrium outputs and prices do not change between the case where the firms are quantity setting firms and the case where the firms are price setting firms. We assume that demand functions are linear and symmetric, the marginal costs of the firms are common and constant, and the fixed costs are zero.
 
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Keyword
differentiated duopoly  

relative profit maximization  

Stackelberg model  

irrelevance of leadership.  
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Language
英語  
Type of resource
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Dec 26, 2014 15:33:58  
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Dec 26, 2014 15:33:58  
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/ Public / Faculty of Economics / Keio economic studies / 50 (2014)
 
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