Oligopolistic markets with leadership,cooperative followers and a multivalued inverse demand function |
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| Affiliation: | 1. School of Economics, Shanghai University of Finance and Economics, Shanghai, 200433, China;2. Key Laboratory of Mathematical Economics (SUFE), Ministry of Education, Shanghai 200433, China;3. Hangzhou Industrial and Commercial Trust, Hangzhou, 310020, China |
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| Abstract: | We consider an oligopolistic market with a leader, finitely many followers and a multivalued inverse demand function. By assuming that there exist cooperative behaviors of followers, we introduce the notions of Stackelberg Cournot equilibria for markets with nontransferable utilities and transferable utilities. We shall prove their existence theorems in our models. |
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| Keywords: | Oligopolistic markets Stackelberg Cournot equilibria Cooperative behavior Multivalued inverse demand Existence |
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