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Flexibility and leadership advantages in a model with uncertain demand
Author(s) -
Ferreira Fernanda A.,
Ferreira Flávio,
Pinto Alberto A.
Publication year - 2007
Publication title -
pamm
Language(s) - English
Resource type - Journals
ISSN - 1617-7061
DOI - 10.1002/pamm.200700179
Subject(s) - stackelberg competition , flexibility (engineering) , first mover advantage , computer science , microeconomics , industrial organization , economics , management
We consider a differentiated Stackelberg model with demand uncertainty only for the first mover. We study the advantages of flexibility over leadership as the degree of the differentiation of the goods changes