How the Stackelberg model can be used to describe a market where one firm can commit to

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How the Stackelberg model can be used to describe a market where one firm can commit to the choice of a strategy before its competitor, and that when firms compete in quantities, the Stackelberg leader has a first-mover advantage and is able to increase profits and market share at the expense of its competitor

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Managerial Economics A Strategic Approach

ISBN: 285451

2nd Edition

Authors: Robert Waschik ,Tim Fisher ,David Prentice

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