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On the Unique D1 Equilibrium in the Stackelberg Model with Asymmetric Information

Author

Listed:
  • Maarten C.W. Janssen

    (University of Vienna, Austria)

  • Emiel Maasland

    (Erasmus University Rotterdam, the Netherlands)

Abstract

This note studies a version of the Stackelberg model in which the Leader has more information aboutdemand than the Follower. We show that there exists a unique D1 equilibrium and that this equilibriumis perfectly revealing. We also give a full characterization of the equilibrium in terms of the posteriorbeliefs of the Follower and show under which condition there is first mover disadvantage.

Suggested Citation

  • Maarten C.W. Janssen & Emiel Maasland, 1997. "On the Unique D1 Equilibrium in the Stackelberg Model with Asymmetric Information," Tinbergen Institute Discussion Papers 97-073/1, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:19970073
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    Cited by:

    1. Cumbul, Eray, 2021. "Stackelberg versus Cournot oligopoly with private information," International Journal of Industrial Organization, Elsevier, vol. 74(C).
    2. John S. Hughes & Jennifer L. Kao, 2001. "Vertical Integration and Proprietary Information Transfers," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(2), pages 277-299, June.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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