One-Leader and Multiple-Follower Stackelberg Games with Private Information

This study analyzes one-leader and multiple-follower Stackelberg games with demand uncertainty. We demonstrate that the weight on public information regarding a follower's estimation of demand uncertainty determines the strategic relationship between the leader and each follower. When the relationship is strategic complement, the leader can exit from a market. The threshold is determined by the intensity of Cournot competition among the followers.

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Year of publication:	2014-07
Authors:	Nakamura, Tomoya
Institutions:	Institute of Social and Economic Research (ISER), Osaka University

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010891226