On Stackelberg’s oligopoly theory

Abstract

Goes back to thinking on the price theory of oligopoly in 1960. In particular, is concerned with Stackelberg’s oligopoly theory. Presents a careful description of the development of Stackelberg’s analysis. Takes into account his mathematical appendix. Confronts the theory with game theory and concludes that in a dynamic game a Nash‐Cournot equilibrium will emerge.

Citation

Heertje, A. (1996), "On Stackelberg’s oligopoly theory", Journal of Economic Studies, Vol. 23 No. 5/6, pp. 48-57. https://doi.org/10.1108/01443589610154045