Download This PaperThe Destructive Stackelberg Competition Model
5 Pages Posted: 3 Feb 2015
Date Written: February 2, 2015
Abstract
This paper proves that the Stackelberg extension has turned the Cournot duopoly model into a perfectly competitive one. The reason for this killing lies with the homogenous goods produced by the duopolists. They are not truly duopolists. Stackelberg helps destroy the traditional duopoly or oligopoly model.
Keywords: Oligopoly, Monopolistic Competition
JEL Classification: D43, L13
Suggested Citation: Suggested Citation
Choi, Hak, The Destructive Stackelberg Competition Model (February 2, 2015). Available at SSRN: https://ssrn.com/abstract=2559541 or http://dx.doi.org/10.2139/ssrn.2559541
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