How Hierarchical Structures Impact on Competition
|Title:||How Hierarchical Structures Impact on Competition|
|Journal or Publication Title:|
AUCO Czech Economic Review, 2, 3, pp. 227-237
|Uncontrolled Keywords:||Hierarchical structure, multi-level Stackelberg equilibrium, Nash-Cournot equilibrium|
Stackelberg models for hierarchical oligopolistic markets with a homogenous product were studied by researchers extensively. The goal of this paper is to extend the classical solution in closed form of the Stackelberg model for a general hierarchical structures composed by firms arranged into groups of different hierarchical levels.