In his book Marktform und Gleichgewicht, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of sequential competition. In a work of great originality ...

This note investigates a Stackelberg—Nash competition model. We determine the conditions under which the leaders may achieve better profits than the followers when all firms compete on quantity in a ...

Equilibrium properties of Cournot and Stackelberg duopoly are compared with respect to outputs, profits, and welfare, the results of which depend on some conditions expressed in terms of the ...

The Stackelberg game—a strategic game in economics—involves a leader firm that moves first and then follower firms move sequentially. Such an approach can be applied to power systems in terms of ...