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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01 Jan 1985
75 citations
TL;DR: This paper investigates a multi-product manufacturer-retailer supply chain where demand of each product is jointly influenced by price and advertising expenditure and proposes a Stackelberg game framework under two power scenarios.
75 citations
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TL;DR: In this article, the authors examined the optimal trade and privatization policies in a mixed duopoly in which a pubic home firm competes with a more efficient foreign firm and showed that the optimal level of privatization depends crucially upon the strategic substitutability-complementarity assumption.
Abstract: This paper examines optimal trade and privatization policies in a mixed duopoly in which a pubic home firm competes with a more efficient foreign firm. The home firm is a Cournot competitor or a Stackelberg leader. The home government chooses the degree of privatization and import tariff to maximize national welfare. The paper examines the policy effects on industry equilibrium with general demand and cost structures and shows that the optimal level of privatization depends crucially upon the strategic substitutability-complementarity assumption. It further shows that if both policies are used under linear demand and quadratic costs, the equilibrium prices, firms' outputs, welfare and tariff rates are the same under Cournot and Stackelberg competition, and price equals the home firm's marginal cost. Neither full nationalization nor full privatization is optimal under Cournot, but full nationalization is always optimal under Stackelberg competition. If only one policy is used, a reduction in government's ownership of the public firm under Cournot competition and constant marginal costs calls for a higher optimal tariff rate. This result does not carry over to the case of increasing marginal costs, although the optimal tariff is lower under full nationalization than under full privatization.
75 citations
TL;DR: In this article, the authors determine the conditions under which a channel-coordinating wholesale price strategy will manufacturer-profit dominate a sophisticated Stackelberg two-part tariff, and show that the optimal policy is dependent on the retailers' fixed costs, the relative size of the retailers, and the degree of inter-retailer competition.
75 citations
TL;DR: In this paper, a Stackelberg game model for a three-level food supply chain with production disruption is established, which aims to study the optimal pricing, inventory and preservation decisions that maximize the individual profit.
75 citations