We study a non-cooperative game with aggregative structure, namely when the payoffs depend on the strategies of the opponent players through an aggregator function. We assume that a subset of players behave as leaders in a Stackelberg model. The leaders, as well the followers, act...

We study a non-cooperative game with aggregative structure, namely when the payoffs depend on the strategies of the opponent players through an aggregator function. We assume that a subset of players behave as leaders in a Stackelberg model. The leaders, as well the followers, act...

A rapidly growing literature analyzes models in which firms maximize objectives other than profit and enjoy market power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the aggregative structure of the conventional Cournot model of...

A rapidly growing literature analyzes models in which firms maximize objectives other than profit and enjoy market power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the aggregative structure of the conventional Cournot model of...