A Natural Stackelberg Situation Under Demand Uncertainty

Porto, Luis
(1989) , 23 pages

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  • Porto, LuisUCLouvain
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Abstract
Within a symmetric differentiated duopoly under demand uncertainty framework, we give necessary and sufficient conditions for the existence of a Natural Stackelberg Situation. We show the importance of firms' risk aversion for the endogenisation of role setting in a leader-follower situation.
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Porto, L. (1989). A Natural Stackelberg Situation Under Demand Uncertainty (Working Papers Institut des sciences économiques 8914). https://hdl.handle.net/2078.5/281060