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Welfare Comparison of Leader-Follower Models in a Mixed Duopoly
Joint Authors
Zou, Xiangqing
Zhu, Yingjun
Tao, Aiyuan
Source
Journal of Applied Mathematics
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-11-21
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
In the standard leader-follower duopoly models with otherwise symmetric firms, the market outcome and total welfare are the same whichever firm is the leader.
This paper studies and compares total welfare in a sequential-move mixed duopoly when either the public firm or the private firm acts as the leader.
It is found that the fact that which firm is the leader affects total welfare and that whether firms compete in quantity or price also affects the optimal choice of market leader.
American Psychological Association (APA)
Tao, Aiyuan& Zhu, Yingjun& Zou, Xiangqing. 2013. Welfare Comparison of Leader-Follower Models in a Mixed Duopoly. Journal of Applied Mathematics،Vol. 2013, no. 2013, pp.1-7.
https://search.emarefa.net/detail/BIM-463290
Modern Language Association (MLA)
Tao, Aiyuan…[et al.]. Welfare Comparison of Leader-Follower Models in a Mixed Duopoly. Journal of Applied Mathematics No. 2013 (2013), pp.1-7.
https://search.emarefa.net/detail/BIM-463290
American Medical Association (AMA)
Tao, Aiyuan& Zhu, Yingjun& Zou, Xiangqing. Welfare Comparison of Leader-Follower Models in a Mixed Duopoly. Journal of Applied Mathematics. 2013. Vol. 2013, no. 2013, pp.1-7.
https://search.emarefa.net/detail/BIM-463290
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-463290