Topic
Stackelberg competition
About: Stackelberg competition is a research topic. Over the lifetime, 6611 publications have been published within this topic receiving 109213 citations.
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TL;DR: This work develops a game theoretical model that allows for competition between the retailers, and proposes that, under all types of competition, the optimal product is one that is only moderately compatible with the Internet.
Abstract: An important strategic issue for managers planning to set up online stores is the choice of product categories to retail. While the “right†product category would depend on a number of factors, here we focus on the following two factors: compatibility of the product with the online channel, and the competition between the traditional brick and mortar channel and the online channel. This is to acknowledge two well-known facts: Certain products are more suitable for selling through the Web than through other channels; and an online retailer competes with not only other online retailers, but also traditional brick and mortar retailers. To determine the right product category, we develop a game theoretical model that allows for competition between the retailers. We study both Stackelberg and Bertrand competition models, as these two models capture the essence of different types of competition on the Web. Based on our results, we propose that, under all types of competition, the optimal product is one that is only moderately compatible with the Internet.
39 citations
TL;DR: In this paper, the Stackelberg model is extended to include any number of non-identical firms and demonstrates significant counterintuitive results, such as entry of an additional firm may increase the quantities and/or profits of some existing firms; it may also increase the total industry profit.
Abstract: This paper extends the Stackelberg model to include any number of nonidentical firms and demonstrates significant counterintuitive results. For example, entry of an additional firm may increase the quantities and/or profits of some existing firms; it may also increase the total industry profit.
39 citations
TL;DR: In this paper, the authors provide a quantitative analysis of selling information products, aiming to determine the best sale channel and versioning strategy in the presence of network externality, and develop a sale channel model to maximize the supplier's profit based on the fixed-fee policy.
39 citations
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TL;DR: This article developed a sorting equilibrium model under the collegemajor-specific admissions regime, allowing for match uncertainty and peer effects, and showed that switching from the baseline to the counterfactual regime leads to a 1% increase in average student welfare and that it is more likely to benefit female, low-income and/or lowability students.
Abstract: Many countries use college-major-specific admissions policies that require a student to choose a college-major pair jointly. Given the potential of student-major mismatches, we explore the equilibrium effects of postponing student choice of major.We develop a sorting equilibrium model under the collegemajor- specific admissions regime, allowing for match uncertainty and peer effects.We estimate the model using Chilean data.We introduce the counterfactual regime as a Stackelberg game in which a social planner chooses college-specific admissions policies and students make enrolment decisions, learn about their fits to various majors before choosing one. Our estimates indicate that switching from the baseline to the counterfactual regime leads to a 1% increase in average student welfare and that it is more likely to benefit female, low-income and/or low-ability students.
39 citations
TL;DR: A bi-level coordinated optimal energy management (OEM) framework for the distribution system with Multi-MGs is proposed and an interactive mechanism based on a-leader-multi-followers Stackelberg game is provided to improve the utility of both sides by dynamic game.
38 citations