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On Stackelberg competition in strategic multilateral exchange

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  • Ludovic A. Julien

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

In this paper, we consider a strategic equilibrium concept which extends Stackelberg competition to cover a general equilibrium framework. From the benchmark of strategic market games proposed by Sahi and Yao (1989), we define the notion of Stackelberg equilibrium. This concept captures strategic interactions in interrelated markets on which a finite number of leaders and followers compete on quantities. Within the framework of an example, convergence and welfare are studied. More specifically, we analyze convergence toward the competitive equilibrium and make welfare comparisons with other strategic equilibria.
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Suggested Citation

  • Ludovic A. Julien, 2013. "On Stackelberg competition in strategic multilateral exchange," Post-Print hal-01385854, HAL.
  • Handle: RePEc:hal:journl:hal-01385854
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    Cited by:

    1. Gagnie Pascal Yebarth, 2025. "On Taxation Policy in Strategic Bilateral Exchange: A review," EconomiX Working Papers 2025-34, University of Paris Nanterre, EconomiX.
    2. 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.
    3. Ludovic A. Julien, 2017. "Hierarchical competition and heterogeneous behavior in noncooperative oligopoly markets," Working Papers hal-04141649, HAL.

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