Joint research unit 7235

On Noncooperative Oligopoly Equilibrium in the Multiple Leader-Follower Game

Ludovic A. Julien

In this paper, we provide new proofs of existence and uniqueness of a Stackelberg market equilibrium for a multiple leader-follower noncooperative oligopoly model in which heterogeneous firms compete on quantities. To this end, we consider a two-step game of perfect and complete information in which many leaders interact strategically with many followers. The Stackelberg market equilibrium constitutes a pure strategy subgame perfect Nash equilibrium of this game. The existence (and uniqueness) problem is complexified in this framework since strategic interactions occur within each partial game but also between both partial games through sequential decisions. Then, to prove existence, we notably provide a new procedure to determine (the conditions under which) the optimal behavior of the followers (may be written) as functions of the leaders’strategy profile only. Some examples outline our procedure and discuss our assumptions.

AGENDA

Tuesday 3 October 2023

Recherche et Economie et Socioéconomie Politique, des Institutions et des Régulations (RESPIR)

Daniel Zamora Vargas (Université Libre de Bruxelles)

Présentation de l’ouvrage : Welfare for Markets : a Global History of Basic Income” (co-écrit avec Anton Jäger)

Tuesday 3 October 2023

Présentation de l’ouvrage : Welfare for Markets : a Global History of Basic Income” (co-écrit avec Anton Jäger)

Daniel Zamora Vargas (Université Libre de Bruxelles)

Présentation de l’ouvrage : Welfare for Markets : a Global History of Basic Income” (co-écrit avec Anton Jäger)

Thursday 5 October 2023

Groupe de travail Economie Comportementale

Aurélie Bonein (Université de Rennes 1, CREM)

TBA

Thursday 5 October 2023

TBA

Aurélie Bonein (Université de Rennes 1, CREM)

TBA

Thursday 5 October 2023

The impact of climate variability on internal migration in Thailand.

Himani Pasricha

The impact of climate variability on internal migration in Thailand.

Thursday 5 October 2023

Doctorants

Himani Pasricha

The impact of climate variability on internal migration in Thailand.

Sunday 8 October 2023

Professeurs invités

Fayçal Hamdi

Sunday 8 October 2023

Professeurs invités

Tobias Kretschmmer

Inscription aux Newsletters

Newsletter subscription