Stackelberg models for hierarchical oligopolistic markets with a homogenous product were studied by researchers extensively. The goal of this paper is to extend the classical solution in closed form of the Stackelberg model for a general hierarchical structures composed by firms arranged into groups of different hierarchical levels.
Original languageEnglish
Pages (from-to)225–234
JournalCzech Economic Review
Volume3
StatePublished - 2008
Externally publishedYes

ID: 5305766