Dynamic Stackelberg duopoly with sticky prices and a myopic follower-Reference-Cited by-同舟云学术

Dynamic Stackelberg duopoly with sticky prices and a myopic follower

Published:2021-08-11 Issue: Volume: Page:
ISSN:1109-2858
Container-title:Operational Research
language:en
Short-container-title:Oper Res Int J

Author:

Kańska Katarzyna,Wiszniewska-Matyszkiel Agnieszka^ORCID

Abstract

AbstractIn this paper, we study a model of a market with asymmetric information and sticky prices—the dynamic Stackelberg model with a myopic follower and infinite time horizon of Fujiwara ("Economics Bulletin" 12(12), 1–9 (2006)). We perform a comprehensive analysis of the equilibria instead of concentrating on the steady state only. We study both the equilibria for open loop and feedback information structure, which turn out to coincide, and we compare the results with the results for Cournot-Nash equilibria.

Funder

Narodowe Centrum Nauki

Publisher

Springer Science and Business Media LLC

Subject

Management of Technology and Innovation,Computational Theory and Mathematics,Management Science and Operations Research,Statistics, Probability and Uncertainty,Strategy and Management,Modelling and Simulation,Numerical Analysis

Link

https://link.springer.com/content/pdf/10.1007/s12351-021-00665-y.pdf

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