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Flexibility in Stackelberg Leadership

Title
Flexibility in Stackelberg Leadership
Type
Chapter or Part of a Book
Year
2009
Authors
F. A. Ferreira
(Author)
Other
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F. Ferreira
(Author)
Other
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A. A. Pinto
(Author)
FCUP
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Scientific classification
FOS: Natural sciences > Mathematics
Other information
Resumo (PT): 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.
Abstract (EN): 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.
Language: English
Type (Professor's evaluation): Scientific
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Flexibility and leadership advantages in a model with uncertain demand (2007)
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