The Non-Robustness of the Nash-Stackelberg Equilibrium

For a simple, standard sequential search model, the Nash-Stackelberg-Hybrid Equilibrium is shown to be non-robust when the assumption that all firms are constrained to operate the outlet is dropped. Firms open additional outlets to increase market power.

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Year of publication:	1997
Authors:	Prentice, David
Institutions:	Department of Economics and Finance, La Trobe Business School
Subject:	Information EDIRC Provider-Institution: RePEc:edi:smlatau

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1997.15 9 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008867771