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: In this paper, the authors show that the use by firms in an oligopolistic industry of relative performance measures to evaluate their managers may cause a conflict between the objectives of risk sharing and the implications for strategic competition derived from such performance measures, specially if firms compete in prices.
153 citations
TL;DR: In this article, the authors examined dynamic advertising and promotion strategies in a marketing channel where the retailer promotes the manufacturer product and the manufacturer spends on advertising to build a stock of goodwill.
Abstract: This paper examines dynamic advertising and promotion strategies in a marketing channel where the retailer promotes the manufacturer product and the manufacturer spends on advertising to build a stock of goodwill We assume that sales depend on goodwill and promotion activities and that there are decreasing marginal returns to goodwill Two scenarios are studied First, the manufacturer and retailer determine noncooperatively their respective strategies Second, the game is played a la Stackelberg with the manufacturer as the leader who supports partially the cost of the promotion activities of the retailer In both cases, stationary Markovian strategies are characterized These scenarios are examined also in the absence of decreasing marginal effect of goodwill on sales The results show that, whether or not the goodwill stock has a decreasing marginal effect on sales, the cooperative advertising program is a coordinating mechanism in the marketing channel, ie, both players receive higher payoffs
153 citations
Book•
23 Sep 2010TL;DR: This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications, and will discuss and explain main concepts and techniques used in dynamic games.
Abstract: Key Concepts in Dynamic Games Open-Loop Nash Equilibrium and Feedback Nash Equilibrium Dynamic Open-Loop and Feedback Stackelberg Equilibrium Applications in Industrial Organization: Capital Accumulation Games, R&D Races, Pre-Empting, Price and Quantity Competition with Adjustment Costs, Games Among Internet Services Providers Applications in Public Economics: Dynamic Contribution to a Public Good, Discrete Public Goods Games, Reputation Building in a Federal System, Dynamic Redistributive Taxation, Building-Up of Trust Among Selfish Agents Applications to Environmental Economics: Trans-Boundary Pollution Games, Global Warming Games Applications to Resource Economics: Fishery Games, Natural Resource Oligopoly, Tariffs on Exhaustible Resources Applications to International Economics: Dynamic Games of Foreign Aids, Dynamic Optimal Tariff and Retaliation Applications to Development Economics: Capital Flights, Dynamic Grabbing, Corruption Games Among Status-Conscious Agents.
153 citations
TL;DR: In this article, a closed-loop supply chain where the manufacturer produces a product with a decent quality acceptable to customers, and sells it through a retailer in the market is considered, where a third party collects the used products from consumers and sends to the manufacturer.
153 citations
TL;DR: A retailer-Stackelberg pricing model is developed to investigate the product variety and channel structure strategies of manufacturer in a circular spatial market and demonstrates that it is more likely for the manufacturer to use dual channels under the retailer StACkelberg channel leadership scenario than under the manufacturer Stackelburg scenario if offering a greater variety is very expensive.
153 citations