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The Non-Robustness of the Nash-Stackelberg Equilibrium

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Author Info
Prentice, D.

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Abstract

For a simple, standard sequencial search model, the Nash-Stackelberg-Hybrid Equilibrium is shown to be non-robust when the assumption that all firms are constrained to operate the outlet is dropped. Firms open additional outlets to increase market power.

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Publisher Info
Paper provided by La Trobe - Department of Economics in its series Papers with number 97.15.

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Length: 9 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:latrob:97.15

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Postal: School of Economics and Commerce, La Trobe University, Bundoora, Victoria, Australia 3089.
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Web page: http://www.latrobe.edu.au/business/
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Related research
Keywords: INFORMATION;

Find related papers by JEL classification:
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information

Statistics
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