Advertisement
Published in:
2009 | OriginalPaper | Chapter
Flexibility in Stackelberg Leadership
Authors : Fernanda A. Ferreira, Flávio Ferreira, Alberto A. Pinto
Published in: Intelligent Engineering Systems and Computational Cybernetics
Publisher: Springer Netherlands
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
We consider a Stackelberg model with demand uncertainty, only for the first mover. We study the advantages of leadership and flexibility with the variation of the demand uncertainty. Liu proved for demand uncertainty parameter greater than three that the follower firm can have an advantage with respect to the leading firm for some realizations of the demand intercept. Here, we prove that for demand uncertainty parameter less than three the leading firm is always in advantage.