Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.22/3212
Título: Flexibility in a Stackelberg leadership with differentiated goods
Autor: Ferreira, Fernanda A.
Ferreira, Flávio
Ferreira, Miguel
Pinto, Alberto A.
Palavras-chave: Game theory
Stackelberg model
Demand uncertainty
Differentiation
Perfect Bayesian equilibrium
Data: 2015
Editora: Taylor & Francis
Citação: Fernanda A. Ferreira, Flávio Ferreira, Miguel Ferreira & Alberto A. Pinto (2015) Flexibility in a Stackelberg leadership with differentiated goods, Optimization, 64:4, 877-893, DOI: 10.1080/02331934.2013.836649
Relatório da Série N.º: Optimization: A Journal of Mathematical Programming and Operations Research
Resumo: We study the effects of product differentiation in a Stackelberg model with demand uncertainty for the first mover. We do an ex-ante and ex-post analysis of the profits of the leader and of the follower firms in terms of product differentiation and of the demand uncertainty. We show that even with small uncertainty about the demand, the follower firm can achieve greater profits than the leader, if their products are sufficiently differentiated. We also compute the probability of the second firm having higher profit than the leading firm, subsequently showing the advantages and disadvantages of being either the leader or the follower firm.
Peer review: yes
URI: http://hdl.handle.net/10400.22/3212
ISSN: 1029-4945
0233-1934
Versão do Editor: http://www.tandfonline.com/doi/full/10.1080/02331934.2013.836649#.UsqPyNJdXTo
Aparece nas colecções:ESEIG - MAT - Artigos

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