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A new look for Stackelberg-Cournot equilibria in oligopolistic markets

Author

Listed:
  • Jacqueline Morgan

    (Dipartimento di Matematica e Statistica, Università di Napoli Federico II, V. Cintia, 80126 Napoli, ITALY)

  • Lina Mallozzi

    (Dipartimento di Matematica e Applicazioni, Università di Napoli Federico II, V. Claudio, 21, 80125 Napoli, ITALY)

  • Sjur D. Flåm

    (Department of Economics, University of Bergen 5007, NORWAY)

Abstract

This note deals with Cournot type oligopolies in which the market clearing price occasionally may be non-unique. A Stackelberg leading producer is present. Given that setting we explore continuity properties of the followers' reaction and provide sufficient conditions for existence of equilibrium.

Suggested Citation

  • Jacqueline Morgan & Lina Mallozzi & Sjur D. Flåm, 2002. "A new look for Stackelberg-Cournot equilibria in oligopolistic markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 20(1), pages 183-188.
  • Handle: RePEc:spr:joecth:v:20:y:2002:i:1:p:183-188
    Note: Received: June 20, 2000; revised version: April 24, 2001
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    Citations

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    Cited by:

    1. Attila Tasnádi, 2010. "Quantity-setting games with a dominant firm," Journal of Economics, Springer, vol. 99(3), pages 251-266, April.
    2. L. Mallozzi & J. Morgan, 2005. "Oligopolistic Markets with Leadership and Demand Functions Possibly Discontinuous," Journal of Optimization Theory and Applications, Springer, vol. 125(2), pages 393-407, May.

    More about this item

    Keywords

    Cournot oligopoly; Stackelberg solutions; Nash equilibrium; closed correspondences.;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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