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When Stackelberg and Cournot Equilibria Coincide

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Listed:
  • Luca Colombo
  • Paola Labrecciosa

Abstract

We compare two-stage Stackleberg with Cournot equilibrium under the assumption of quantity competition and homogeneous goods. We show that, when the curvature of the inverse market demand equals the total number of firms in the industry, the outcome of the two games coincides.

Suggested Citation

  • Luca Colombo & Paola Labrecciosa, 2004. "When Stackelberg and Cournot Equilibria Coincide," Trinity Economics Papers 20043, Trinity College Dublin, Department of Economics.
    • Handle: RePEc:tcd:tcduee:20043
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    File URL: http://www.tcd.ie/Economics/TEP/2004_papers/TEPNo3LC24.pdf
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    Cited by:

    1. Antonio Ruiz - Porras, 2008. "Los beneficios del liderazgo en el mercado de depositos bancarios: Una comparacion entre Cournot y Stackelberg," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 4(2), pages 79-105, Enero-Jun.
    2. Bruno Versaevel, 2015. "Alertness, Leadership, and Nascent Market Dynamics," Dynamic Games and Applications, Springer, vol. 5(4), pages 440-466, December.
    3. Davies, Ronald B., 2013. "The silver lining of red tape," Journal of Public Economics, Elsevier, vol. 101(C), pages 68-76.
    4. Johannes W. Fedderke & Witness Simbanegavi, 2008. "Price Elasticities and Pricing Power in Emerging Markets: The Case of Petrochemicals Derived Plastics in South Africa," Working Papers 078, Economic Research Southern Africa.
    5. Ludovic A. Julien, 2024. "Noncooperative oligopoly equilibrium in markets with hierarchical competition," International Journal of Game Theory, Springer;Game Theory Society, vol. 53(2), pages 325-371, June.
    6. Bruno Versaevel, 2009. "Cumulative Leadership and Entry Dynamics," Post-Print halshs-00371847, HAL.
    7. Qi Duan & Yupeng Shi & Jingwei Sun, 2017. "Intellectual Property Protection: Prevention in Advance or Punishment Afterward," Annals of Economics and Finance, Society for AEF, vol. 18(1), pages 129-171, May.

    More about this item

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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